Nasdaq and Cboe To Launch Spot and Leveraged Crypto Trading Next Month, CFTC Confirms

Core Insights - The U.S. is set to launch regulated leveraged spot cryptocurrency trading as the CFTC engages with major exchanges like CME Group, Cboe, and Nasdaq to introduce this new trading option [2][7] - The proposed framework aims to bring investor protections and federal oversight to the crypto market, potentially redirecting trillions in trading volume from offshore exchanges to U.S. platforms [4][7] - The recent end of the U.S. government shutdown has cleared the way for regulatory measures and approvals, including the CFTC's crypto framework, which could be implemented as soon as next month [5][6] Group 1 - The CFTC is in discussions with regulated exchanges to allow margin trading for Bitcoin and Ethereum under its supervision [2][3] - The new trading framework will operate under the Commodity Exchange Act, ensuring that leveraged transactions occur on designated markets [3] - Analysts predict that this move could significantly shift trading volume from unregulated offshore exchanges to U.S. markets [4][7] Group 2 - The conclusion of the government shutdown has enabled agencies like the SEC and CFTC to resume normal operations and advance pending measures [5][6] - The bipartisan agreement in Congress facilitates the progression of crypto rulemaking and ETF approvals that had been stalled [5] - The CFTC's crypto framework is anticipated to be finalized and potentially launched next month [6]