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CFTC Announces Launch of First Leveraged Spot Cryptocurrency Listed on a CFTC-Regulated Exchange
On December 4, 2025, the Commodity Futures Trading Commission (CFTC) announced the upcoming launch of the first leveraged spot cryptocurrency product to be listed on a CFTC-regulated exchange, Bitnomial Exchange, LLC (“Bitnomial”). Bitnomial is a CFTC-regulated designated contract market (DCM) that operates with an associated CFTC-registered derivatives clearing organization. This announcement also comes as the National Futures Association (NFA) announced updates to its own digital asset rules….
By: Morrison & Foerster LLP