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The Chicago exchange Bitnomial is about to launch Spot trading and has just submitted verification documents to the CFTC.
[Coin World] The Chicago-based encryption derivatives exchange Bitnomial has recently made a big move - they are going to start spot trading.
Last month, Bitnomial submitted a self-certification document to the U.S. Commodity Futures Trading Commission (CFTC), based on the provisions of section 40.6(a). This clause actually grants registered designated contract markets (DCM) a certain degree of autonomy, allowing them to implement new rules as long as they can prove compliance with the Commodity Exchange Act.
The certification rules submitted by Bitnomial this time cover the listing of “Spot” products, including retail leveraged spot trading. In simple terms, customers will be able to buy and sell digital assets directly on their platform and also engage in financing operations. This provides users with an additional compliant channel and represents an expansion for Bitnomial from the derivatives market to the spot market.