Bitnomial Prepares to Debut First CFTC-Regulated Spot Crypto Market

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitnomial Prepares to Debut First CFTC-Regulated Spot Crypto Market The move marks the first time spot crypto assets can trade on a federally regulated commodities venue, signaling the CFTC’s accelerating push to oversee retail digital-asset markets. By Oliver Knight | Edited by Nikhilesh De Dec 1, 2025, 6:17 p.m. CFTC Acting Chairman Caroline Pham speaks at SEC (Jesse Hamilton/CoinDesk) What to know : Bitnomial is the first exchange cleared to offer CFTC-regulated spot crypto trading, including leveraged products. The SEC and CFTC jointly stated that existing law already permits registered exchanges to list spot crypto commodities with proper coordination. Other DCM-registered platforms, including Coinbase, Kalshi and Polymarket, could follow Bitnomial’s lead. Bitnomial, a Chicago-based derivatives exchange, is preparing to roll out the first spot cryptocurrency trading platform overseen by the U.S. Commodity Futures Trading Commission (CFTC). The Chicago-based derivatives exchange’s self-certified rules became effective Friday, authorizing it to list both leveraged and non-leveraged spot crypto products. The approval opens the door for customers to buy, sell and finance digital assets directly on a federally regulated commodities exchange — a first in the U.S. market. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Caroline Pham, the acting head of the CFTC, said in November that it was in talks with regulated exchanges over the potential launch of spot crypto products. Bitnomial’s approval lands as the CFTC accelerates its effort to bring retail-facing crypto markets under federal commodities oversight. Pham has argued the agency already has sufficient authority to supervise spot crypto commodities. The CFTC and the Securities and Exchange Commission recently revealed that nothing in current law prevents exchanges registered with either regulator from listing certain crypto commodity products, including those with leverage, so long as they coordinate with agency staff . The approval could pave the way for other exchanges that hold designated contract market (DCM) status, including Coinbase and prediction market venues like Kalshi and Polymarket. CFTC Spot market Bitnomial More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You JPMorgan and Strike CEO Jack Mallers Go Silent, Leaving 'Debanking' Questions Unanswered By Olivier Acuna | Edited by Sheldon Reback , Aoyon Ashraf 54 minutes ago For now, Jack Mallers decided to not comment any further and JPMorgan declined to explain why it debanked the CEO of a company very similar to newly launched JPM Coin. What to know : Jack Mallers, CEO of Strike, accused JPMorgan of closing his accounts without explanation, sparking a viral reaction in the crypto community. The closure has raised questions of anti-competitive motives, coinciding with JPMorgan's launch of a similar payment token, JPMCoin. Both parties have remained largely silent. JPMC cites confidentiality rules under the Bank Secrecy Act as a reason for not disclosing details. 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