US Crypto – Bitnomial Launches Regulated Spot Exchange

Key Takes

• Starting the week of December 8, 2025, Bitnomial will open the first U.S. exchange for leveraged spot crypto trading that is fully overseen by the CFTC.

• The launch is the result of Caroline Pham, the acting chairman of the CFTC, pushing for safer crypto markets by using existing laws. This will help avoid the problems that happen on foreign platforms.

Bitnomial, a company based in Chicago, is changing the way Americans trade cryptocurrencies. They’re making a place where you can buy and sell real crypto assets right away, and you can borrow money for bigger trades if you need to. The Commodity Futures Trading Commission (CFTC) has been in charge of futures trading for a long time and keeps an eye on all of this.

In the past, spot trading often took place under state rules or offshore. Now, though, it uses the same strong framework as other financial products. It means you don’t have to worry as much about someone not paying or getting an unfair edge in trading.

“Portfolio margining” is a big plus. You don’t have to keep all your money in separate accounts for different trades. Instead, you can offset risks across spot buys, futures contracts, and more on one platform. This saves money and makes trading easier.

There are no special deals for big players; every order is treated the same. Brokers take care of the middle steps, and a clearinghouse takes care of everything else, which lowers the risks. It feels like there is a fair referee in every game.

Luke Hoersten, Bitnomial’s founder and CEO, said: “Leveraged spot crypto trading is now available under the same regulatory framework as U.S. perpetuals, futures, and options. We’re bringing it back to the U.S. with CFTC oversight.” He thanked Chairman Pham for her business-friendly stance.

Pham herself called it a “historic milestone,” saying that problems in other countries show how important it is to have safe options in the U.S. She said, “For the first time ever, spot crypto can trade on CFTC-registered exchanges that have been the gold standard for almost 100 years.”

Note: This news was written by our editor, rewritten with the help of AI, and reviewed by our editor to ensure its accuracy and compliance with our standards.