Bitnomial's Derivatives Clearing Application for Bitcoin Futures Approved by U.S. CFTC
The U.S. Commodity Futures Trading Commission (CFTC) has approved Bitnomial, a crypto derivatives company, to register as a derivatives clearing organization. This approval allows Bitnomial to settle margined futures and options contracts, including margined bitcoin futures and options tied to bitcoin futures for U.S. investors. The CFTC commissioners voted 2-1 in favor of Bitnomial's application, with the company already having approval to operate as a designated contract market and a futures commission merchant. Bitnomial CEO Luke Hoersten expressed the company's intention to expand its product offering and customer base now that the licensing process is complete.