Deep Tide TechFlow News, January 9th, according to The Block, the market supervision department and clearing risk department under the U.S. Commodity Futures Trading Commission (CFTC) issued a no-action letter to cryptocurrency exchange Bitnomial, allowing it to offer event contracts.
Bitnomial plans to launch binary and bounded swap contracts that reference digital assets, economic indicators, and financial outcomes, which will be "fully collateralized." According to CFTC requirements, Bitnomial must comply with specific conditions, including publishing sales data and adhering to certain record-keeping and reporting requirements.
In December last year, Bitnomial became the first exchange approved to list regulated spot cryptocurrency products.
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Deep Tide TechFlow News, January 9th, according to The Block, the market supervision department and clearing risk department under the U.S. Commodity Futures Trading Commission (CFTC) issued a no-action letter to cryptocurrency exchange Bitnomial, allowing it to offer event contracts.
Bitnomial plans to launch binary and bounded swap contracts that reference digital assets, economic indicators, and financial outcomes, which will be "fully collateralized." According to CFTC requirements, Bitnomial must comply with specific conditions, including publishing sales data and adhering to certain record-keeping and reporting requirements.
In December last year, Bitnomial became the first exchange approved to list regulated spot cryptocurrency products.