Records in the U.S. Commodity Futures Trading Commission database show that regulated derivatives exchange Bitnomial received certification on Oct. 1 for its "Ondo U.S. Dollar Spot" futures product. The contract is classified as a futures product under the financial instruments category. The filing means ONDO is now among the crypto assets that can be traded through a regulated U.S. derivatives venue, giving professional traders another instrument for hedging and trading. The certification, however, is a procedural filing made under the Commodity Exchange Act and should not be read as a CFTC endorsement of the ONDO token or its underlying protocol. The launch also points to a broader shift in the U.S. regulated derivatives market, where more alternative crypto assets are appearing after Bitcoin and Ether.
According to records in the U.S. Commodity Futures Trading Commission (CFTC) database, regulated derivatives exchange Bitnomial received certification on Oct. 1 for its "Ondo U.S. Dollar Spot" futures product. The contract is classified as a futures product in the financial instruments category.
The move means the ONDO token is now among the products that can be traded through a regulated U.S. derivatives venue, giving professional traders a new tool for hedging and trading.
The certification is a procedural filing under the Commodity Exchange Act and should not be interpreted as a CFTC endorsement of the ONDO token or its underlying protocol.
The contract's launch also shows that, after Bitcoin and Ether, more alternative crypto assets are entering the regulated U.S. derivatives market.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
