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The U.S. Commodity Futures Trading Commission (CFTC) has approved a derivatives clearing organization (DCO) license for Bitnomial, the first U.S.-regulated digital asset derivatives exchange in the United States, it was announced on Wednesday. The license, decided by a four-to-one vote at the CFTC December Open Meeting, enables Bitnomial to meet the criteria and requirements of federal oversight of the CFTC.
Uniquely, Bitnomial is now the only U.S. exchange offering margined, physically delivered digital asset derivatives. This permits customers to acquire actual possession of digital assets on a leveraged basis, rather than got a cash payout at settlement. The Bitnomial DCO license fulfills the company’s goal of introducing a globally regulated derivatives trading platform in the U.S., transitioning from traditional USD and Treasury margin collateral to digital assets.
As CEO Luke Hoersten states, the new license will enable Bitnomial to cater to an extensive range of digital asset traders, dealers and agents. Now with a full suite of regional regulatory credentials including a derivatives exchange permits (DCM) and brokerage license (FCM), Bitnomial is ready to enter in the U.S. market.
