According to CoinDesk, the Commodity Futures Trading Commission (CFTC) has granted crypto derivatives company Bitnomial approval to register as a derivatives clearing organization in the U.S. This allows the company to settle margined futures and options contracts. CFTC commissioners voted 2-1 in favor of Bitnomial's application, a four-year-old company that aims to offer margined bitcoin futures and options tied to bitcoin futures to U.S. investors.
Bitnomial already had approval to operate as a designated contract market, which allowed it to list the futures and options contracts, and as a futures commission merchant, which enabled it to trade with customers. In a statement, Bitnomial CEO Luke Hoersten said the company wants to offer 'a broad spectrum of physical and digital commodities.' He added, 'Now that the licensing process is complete, we can shift our focus to expanding Bitnomial's product offering and customer base.'
