Cointime

Download App
iOS & Android

Bitnomial

ALL From Bitnomial

Bitnomial granted approval to settle margined bitcoin futures and options in the US

Bitnomial, a crypto derivatives company, has been granted approval by the Commodity Futures Trading Commission to register as a derivatives clearing organization in the US. This will allow the company to settle margined futures and options contracts. Bitnomial already had approval to operate as a designated contract market and as a futures commission merchant. The company plans to offer margined bitcoin futures and options tied to bitcoin futures to US investors.

Bitnomial becomes the first crypto-native exchange to receive a full suite of derivatives licenses from the CFTC

According to an official press release, Bitnomial, a US-regulated digital asset derivatives exchange, has announced that it has obtained a license from the US clearinghouse to clear margin digital asset futures and options trading, making it the first and only encrypted native exchange with a full set of US derivatives exchange, clearinghouse, and broker licenses. Additionally, Bitnomial is the only US-based exchange that offers margin and physical delivery of digital asset derivatives, which means that customers can obtain actual ownership of digital assets on a leverage basis, not just cash payments at settlement. Bitnomial's current investors include Electric Capital, Franklin Templeton, Belvedere Strategy Capital, Jump Trading, DV Chain, Consolidated Trading, RRE Ventures, Collab+Currency, O'Brien Investment Group, and Coinbase Ventures.