- Bitnomial received approval from the US CFTC to register as derivatives clearing house in the United States.
- The approval, which is the first of its kind, came after the CFTC Commissioners voted 2-1 in making the decision.
- Bitnomial, an exchange founded in 2014, already has exchange and broker licenses.
Bitnomial, a cryptocurrency derivatives firm, received approval from the Commodities Futures Trading Commission to register as derivatives clearing entity in the United States, Reuters reported Wednesday.
The CFTC voted in favor of the Chicago-based cryptocurrency firm’s request to act as its own registered clearinghouse on Wednesday. Bitnomial’s proposal was approved by CFTC commissioners. While two Democrat and two Republican CFTC Commissioners voted in support, a third Democrat, Commissioner Christy Goldsmith Romero, voted against it.
According to the Reuters report, this approval is the first time the commodities regulator has agreed to authorize a vertically integrated market structure. Moreover, Bitnomial, an exchange founded in 2014, already has exchange and broker licenses.
Speaking on the approval, CFTC Chair Rostin Behnam, who voted in su…
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