[Block Rhythm] The American derivatives trading platform is about to enter the spot market. Bitnomial is preparing to open spot crypto assets trading, which may make it the first compliant platform in the U.S. to operate both derivatives and spot.
Last month, Bitnomial submitted a self-certification document to the CFTC (Commodity Futures Trading Commission) based on Regulation 40.6(a). In simple terms, this rule states that as long as you prove that you meet the requirements of the Commodity Exchange Act, registered designated contract markets can launch new rules on their own.
The timeline is clear: materials were submitted on November 13th, and the rules officially took effect last Friday. This means that the Spot trading feature could be launched at any time in the next few days.
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GasFeeCry
· 12-01 15:02
Wait a minute, is Bitnomial going for a one-stop solution? Derivation + Spot + leverage, this combination is a bit intense.
With Compliance as a prerequisite, having so many business lines is indeed a first. But for retail leverage... gotta watch out for the risks, buddy.
U.S. regulation is really slowly easing up, this signal is quite interesting.
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hodl_therapist
· 12-01 14:55
Derivatives and Spot all in one? Bitnomial is aiming high.
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It's another Compliance trick from the U.S., let's see how long it lasts.
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Wow, finally someone wants to do this, but with leveraged spot... be careful not to flip.
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The first Compliance platform to do both at the same time? If this really works, it would be a breakthrough.
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We need to keep a close eye on the financing operations; the key is whether we can avoid repeating past mistakes.
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If Bitnomial pulls this off, won't other platforms rush to follow suit?
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To put it bluntly, the CFTC has just opened a door; the real test is still ahead.
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Wait, is this going to allow retail investors to leverage spot too? The risk feels a bit high.
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Compliance is one thing, but ultimately it depends on how far the platform can go.
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Leveraged spot, this is indeed an interesting combination... users need to be cautious.
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DeFiGrayling
· 12-01 14:55
Wow, Bitnomial is really going to do something big this time, a one-stop service is here.
By the way, the US regulation is really flexible, can you really launch new businesses just by self-verification? It feels like the spot leverage part is the real traffic secret.
Damn, if this really passes, the crypto world is going to get heated again.
Wait, retail leverage spot... isn't the risk going to explode? What are the suckers going to do?
Compliance is compliance, but the landscape has indeed changed, there's something going on.
The completeness of the ecosystem has now been fully pumped, the Large Investors are going to laugh to death.
Is it true that spot financing has been directly rolled out? This is faster than expected.
The capability to get things done is there, it just depends on how the CFTC approves it in the end.
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MetaLord420
· 12-01 14:46
Wow, Bitnomial is going to dominate the market, with derivation and Spot all in one.
Is the U.S. finally going to launch such a monstrous platform? If it's Compliance, what tricks can be played?
Is this self-verification by the CFTC really that easy to pass? I find it hard to understand.
Going straight for Spot leverage, how big is this risk?
I'll wait to see what happens next; it feels like something big is brewing.
The first in the U.S.! This platform is going to do both derivation and spot trading.
[Block Rhythm] The American derivatives trading platform is about to enter the spot market. Bitnomial is preparing to open spot crypto assets trading, which may make it the first compliant platform in the U.S. to operate both derivatives and spot.
Last month, Bitnomial submitted a self-certification document to the CFTC (Commodity Futures Trading Commission) based on Regulation 40.6(a). In simple terms, this rule states that as long as you prove that you meet the requirements of the Commodity Exchange Act, registered designated contract markets can launch new rules on their own.
The certification rules from Bitnomial this time cover the listing and trading of “Spot” products — including retail leveraged spot business conducted in accordance with the provisions of the Commodity Exchange Act 2©(2)(D). Customers can directly buy and sell digital assets on the platform and also engage in financing operations.
The timeline is clear: materials were submitted on November 13th, and the rules officially took effect last Friday. This means that the Spot trading feature could be launched at any time in the next few days.