Chicago-based cryptocurrency exchange Bitnomial has launched the first Tezos (XTZ) futures contracts regulated by the US Commodity Futures Trading Commission (CFTC), allowing both institutional and retail investors to gain exposure to the token without holding the underlying asset. The contracts are now live and accept cryptocurrency or US dollars as margin.
Bitnomial president Michael Dunn stated that a CFTC-regulated futures market with an established trading history meets a key requirement under the SEC’s generic listing standards for potential spot ETFs, highlighting the role of regulated derivatives in paving the way for broader institutional adoption. The exchange also confirmed it is actively exploring additional tokens to expand its US-regulated crypto derivatives offering.
The launch follows a challenging regulatory backdrop, including past disputes with the SEC over XRP futures. Bitnomial currently lists US-regulated futures tied to Cardano, XRP, and Aptos, positioning the exchange among the few US venues offering regulated crypto derivatives beyond Bitcoin and Ether.
Source: Bitnomial
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