PANews reported on December 13 that cryptocurrency derivatives exchange Bitnomial has announced that it has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to clear fully collateralized swap contracts, enabling it to offer prediction market services. Currently, the service will focus on two main areas: cryptocurrencies and economic events. In addition, Bitnomial Clearinghouse, the exchange's clearing function, can also provide a wider range of clearing services to its partners' prediction markets, thereby gaining collateral liquidity between the U.S. dollar and cryptocurrencies.
