US Launches First Fully Regulated Spot Crypto Market

As per Bitcoinist, the United States has entered a new era for the crypto market, as the CFTC announced it is assuming regulatory oversight of spot crypto transactions. For the first time in history, spot crypto products can now be traded on federally regulated markets in the US, marking a regulatory shift that could reshape the entire ecosystem. The decision was hailed as a 'historic milestone' by Commissioner Caroline D. Pham, who noted that this framework will enhance the protection of American investors. The move is seen by many as a new effort by Washington to establish the US as the 'crypto capital of the world,' according to the government's narrative. With the new regulation, spot products such as Bitcoin and other digital currencies can now be offered through CFTC-registered futures exchanges. This is a significant change, as the CFTC has exclusively regulated derivatives and futures on cryptocurrencies, not the spot market itself. The first major player to leverage this new regulatory flexibility is Bitnomial, a futures exchange registered as a designated contract market. The company announced it will offer leveraged spot trading as early as next week, opening the door for a range of services previously only available from international or unregulated platforms. This development is considered critical for the US crypto market, as institutional investors who previously avoided unregulated platforms can now access spot markets through approved structures.