Overview
- Bitnomial, a CFTC‑regulated designated contract market and clearinghouse, plans to launch leveraged spot trading next week with unified portfolio margining across spot, perpetuals, futures, and options.
- Acting Chair Caroline Pham said listed spot products can now trade on exchanges that have long enforced customer protections, marking the first federally regulated pathway for U.S. spot crypto markets.
- Major venues including CME, Cboe, ICE, and Coinbase are reported to be in talks with the CFTC to list spot and leveraged crypto products under the new framework.
- The move advances the agency’s Crypto Sprint agenda, with forthcoming rulemaking to enable tokenized collateral including stablecoins and to modernize clearing, settlement, reporting, and recordkeeping using blockchain tools.
- Gaps remain in the CFTC’s spot-market manipulation authority, and Congress is weighing legislation to expand powers as the Senate considers Michael Selig to become permanent chair.