Key Takeaways
- Bitnomial launches the first US-regulated Aptos futures.
- The launch expands Bitnomial’s range of digital asset derivatives in the US.
Bitnomial has launched the first-ever US-regulated Aptos (APT) futures on its exchange, offering institutional and retail traders a compliant venue for APT price discovery and risk management.
The futures contracts have monthly expirations and settle in USD or APT, depending on the position direction. Traders can post crypto or USD as margin through Bitnomial Clearinghouse. Contracts are available through the exchange’s Futures Commission Merchants clearing members.
Aptos is a layer 1 blockchain using the Move programming language and a parallel execution engine for sub-second finality.
Solomon Tesfaye, Chief Business Officer at Aptos Labs, a core developer of the Aptos network, stated that US-regulated derivatives infrastructures are crucial for institutional adoption of blockchain technology.
APT futures are currently live for institutional clients, with retail access coming soon via Bitnomial’s Botanical platform, and plans are underway to launch perpetual futures and options in the future.
Source: https://cryptobriefing.com/bitnomial-us-aptos-futures-launch/
