{"id":24774,"date":"2020-04-22T13:37:33","date_gmt":"2020-04-22T11:37:33","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=24774"},"modified":"2020-04-22T13:37:33","modified_gmt":"2020-04-22T11:37:33","slug":"bitnomial-exchange-gets-cftc-approval-to-launch-physically-settled-bitcoin-derivatives","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitnomial-exchange-gets-cftc-approval-to-launch-physically-settled-bitcoin-derivatives\/","title":{"rendered":"Bitnomial Exchange Gets CFTC Approval to Launch Physically-Settled Bitcoin Derivatives"},"content":{"rendered":"
The bitcoin derivatives market is becoming more competitive as more firms join the fray. The latest company to get approval from the US financial markets regulator \u2013 the CFTC \u2013 is Chicago-based Bitnomial<\/strong>. <\/p>\n Bitnomial is a crypto-focused startup launched back in 2015 after raising $7.5 million from 12 notable investors such as Digital Currency Group and Jump Capital. The company has received the green-light by the CFTC to serve as a designated contract market, a license that will enable it to offer bitcoin futures and options.<\/strong><\/p>\n A press release posted<\/a><\/strong> on Monday revealed that the company is seeking to launch physically-settled Bitcoin futures meaning that contracts will be settled on-chain as opposed to using fiat equivalent settlements.<\/p>\n