A major exchange launched spot margin trading in the US under CFTC regulation, with leverage up to 10x

According to The Block, a major exchange on Wednesday rolled out CFTC-regulated cryptocurrency spot margin trading to U.S. retail customers. Users can use crypto assets as collateral to obtain up to 10x leverage, without needing to directly sell their assets.

The launch comes shortly after its parent company, Payward, completed its acquisition of Bitnomial on Monday. Bitnomial is a derivatives exchange headquartered in Chicago, holding merchant, contract, and clearing licenses issued by the CFTC. Payward said the acquisition will ultimately enable it to offer regulated spot margin, perpetual futures, and options products to U.S. users.