BlockBeats News, February 4 — The Chicago Derivatives Exchange Bitnomial announced the launch of the United States’ first regulated Tezos (XTZ) futures contract, which is now officially available to institutional investors. Retail users will participate in trading through its platform Botanical.
The Tezos project was first proposed in 2014 and raised approximately $232 million during its 2017 ICO, making it one of the largest ICOs in history. Tezos is known for its “self-upgradable” governance mechanism and early adoption of PoS consensus.
Bitnomial stated that it plans to introduce XTZ perpetual contracts and options products in the future. Tezos co-founder Arthur Breitman pointed out that the launch of regulated futures helps improve price discovery and risk hedging mechanisms, encouraging institutional participation. Bitnomial has previously led the way in launching compliant derivatives for multiple cryptocurrencies in the U.S., including XRP, Solana, and Aptos.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitnomial launches the first compliant Tezos (XTZ) futures product in the United States
BlockBeats News, February 4 — The Chicago Derivatives Exchange Bitnomial announced the launch of the United States’ first regulated Tezos (XTZ) futures contract, which is now officially available to institutional investors. Retail users will participate in trading through its platform Botanical.
The Tezos project was first proposed in 2014 and raised approximately $232 million during its 2017 ICO, making it one of the largest ICOs in history. Tezos is known for its “self-upgradable” governance mechanism and early adoption of PoS consensus.
Bitnomial stated that it plans to introduce XTZ perpetual contracts and options products in the future. Tezos co-founder Arthur Breitman pointed out that the launch of regulated futures helps improve price discovery and risk hedging mechanisms, encouraging institutional participation. Bitnomial has previously led the way in launching compliant derivatives for multiple cryptocurrencies in the U.S., including XRP, Solana, and Aptos.