The US Commodity Futures Trading Commission (CFTC) has officially given the green light for crypto spot trading on exchanges directly regulated by this agency. This is a legal milestone that can change the entire structure of the digital asset market in the US, especially in the context of the Trump administration - who will be re-elected at the end of 2024 - is promoting a clearer legal framework for the crypto industry.
The CFTC’s decision allows spot crypto products to operate for the first time in an environment that adheres to the same standards as traditional commodity markets: transparency, strict oversight, standardized investor protection mechanisms, and audited risk management systems. This is a stark contrast to the previous situation where users mainly traded on popular crypto exchanges, which operated under inconsistent legal frameworks and had many potential operational risks.
Bitnomial is a pioneer in being the first exchange to adopt the CFTC-regulated crypto spot trading model. Analysts believe that this move could usher in a new “wave”, attracting big names such as CME Group, Cboe Global Markets and a series of other reputable Derivative exchanges – Capital that already have strong infrastructure, large customer bases and complex market management experience.
If traditional financial giants join in, it could take the liquidation of crypto spots in the US to a whole new level, while also promoting the broader legitimization of digital assets in the financial system. This is also a sign that the US is shifting towards treating crypto as a mainstream asset class, rather than just a “fringe” market.
