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Federal Crypto Regulation Broadens as Initial Spot Market Gets Green Light

Federal Crypto Regulation Broadens as Initial Spot Market Gets Green Light

Bitget-RWA2025/12/01 20:22
By:Bitget-RWA

- Bitnomial becomes first U.S. exchange to launch CFTC-regulated spot crypto trading under self-certified rules effective November 28, 2025. - Platform offers leveraged/non-leveraged crypto products, enabling direct retail trading on federal commodities infrastructure for the first time. - CFTC's approval aligns with broader strategy to expand federal oversight, supported by joint SEC-CFTC guidance on spot product frameworks. - Move sets regulatory precedent for DCM platforms like Coinbase while facing pot

Bitnomial Pioneers Regulated Spot Crypto Trading in the U.S.

Bitnomial, a derivatives exchange headquartered in Chicago, has made history by becoming the first U.S. platform to introduce spot cryptocurrency trading under the direct supervision of the Commodity Futures Trading Commission (CFTC). With new self-certified regulations effective from November 28, 2025, Bitnomial now offers both leveraged and standard spot crypto products, granting retail traders the ability to buy and sell digital assets on a federally regulated commodities exchange.

Bitnomial Spot Crypto Trading

This breakthrough marks the debut of spot crypto asset trading on a U.S. federal commodities platform, representing a major step forward in regulatory oversight for the digital asset sector.

CFTC’s Expanding Role in Crypto Oversight

The CFTC’s endorsement of Bitnomial’s new offerings is part of a broader initiative to bring retail crypto markets under federal commodities regulation. Acting Chair Caroline Pham has highlighted that the agency already has the necessary authority to supervise spot crypto commodities under existing statutes like the Commodity Exchange Act (CEA). In September 2025, both the SEC and CFTC issued a joint statement clarifying that registered exchanges can list certain spot crypto products within the current regulatory framework, provided they work closely with regulators. This guidance supported Bitnomial’s use of the CEA’s self-certification process to accelerate its rule changes.

Setting a New Standard for Crypto Exchanges

Bitnomial is establishing itself as a leader in compliant crypto infrastructure. Earlier in March 2025, the exchange introduced the first CFTC-approved XRP futures contract, which was physically settled with actual XRP tokens. The launch of its spot trading platform now allows users to directly own digital assets, addressing a gap in the U.S. market where most crypto trading has traditionally taken place on state-regulated or unregulated platforms. This regulatory milestone may pave the way for other designated contract markets, including Coinbase, Kalshi, and Polymarket, to consider similar offerings.

Regulatory and Market Challenges Ahead

Despite successfully navigating procedural requirements, Bitnomial’s launch faces potential legal challenges as lawmakers continue to debate comprehensive crypto regulation. The CFTC’s jurisdiction over spot markets remains a topic of discussion, especially as both the SEC and CFTC manage overlapping responsibilities. Industry observers are watching closely to see how liquidity, product diversity, and regulatory feedback will influence the platform’s sustainability.

Looking Forward: A New Era for U.S. Crypto Markets

This development highlights the CFTC’s commitment to modernizing the crypto trading landscape. In recent statements, Chair Pham revealed ongoing conversations with exchanges about launching spot crypto products as soon as December 2025. Bitnomial’s progress could serve as a blueprint for how U.S. markets might operate compliant spot crypto venues without the need for new laws. With its rulebook updates complete, Bitnomial is now preparing for the final phase: the official start of live trading.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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