Posted 12/13/2023, 9:02:00 PM
CFTC Approves Bitnomial to Clear Bitcoin Derivatives, Expanding Crypto Options
- CFTC approved crypto derivatives company Bitnomial's application to register as a derivatives clearing organization
- This will allow Bitnomial to settle margined bitcoin futures and options contracts in the US
- Bitnomial already had approval to operate as a contract market and futures commission merchant
- Bitnomial CEO said approval will allow them to expand product offerings and customer base
- CFTC commissioners voted 2-1 in favor of Bitnomial's application, with one commissioner voting no