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CFTC Paves Way for Spot Crypto Trading on Registered Exchanges

December 04, 2025 • By Nicola M. White

US derivatives exchange Bitnomial Inc. also said Thursday it planned to launch on Dec. 8 a leveraged retail spot crypto exchange operating under CFTC oversight.

“Leveraged spot crypto trading is now available under the same regulatory framework as US perpetuals, futures, and options,” Bitnomial founder Luke Hoersten said in a statement. “Broker intermediation and clearinghouse net settlement eliminate counterparty risks while providing the capital efficiency traders need."

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About Bitnomial, Inc.

Bitnomial, Inc., headquartered in Chicago, is a derivatives exchange company that owns and operates U.S. CFTC-regulated exchange (DCM), clearinghouse (DCO), and clearing brokerage (FCM) subsidiaries. Bitnomial offers leveraged spot, perpetuals, futures, options, and prediction markets on a single unified exchange and clearinghouse with digital asset margin and settlement capabilities.

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Leveraged spot, perpetuals, futures, options, and prediction markets, all on one CFTC-regulated exchange with crypto margin and settlement.

Signing up with Bitnomial, Inc. requires additional verification with an FCM to trade futures. Futures accounts are offered by Bitnomial Clearing, LLC, a CFTC-registered FCM and NFA member. Trading in futures involves substantial risks. You should only trade in financial products that you are familiar with and understand the associated risks, and after carefully considering whether such trading is suitable in light of your investment experience, financial position, and investment objectives. Leverage in futures trading can work for you or against you. The risk of loss using leverage can exceed your initial investment amount. See Bitnomial entity affiliation and registration disclosures and FCM financial and risk disclosures.