4 hours ago
The Chicago-based cryptocurrency speech Bitnomial has launched futures tied to Tezos’s XTZ token, marking the archetypal clip the plus has a futures marketplace connected a US Commodity Futures Trading Commission-regulated exchange.
According to Wednesday’s announcement, the futures contracts are unrecorded and let organization and retail traders to summation vulnerability to XTZ (XTZ) terms movements utilizing either cryptocurrency oregon US dollars arsenic margin.
Futures contracts fto traders hedge hazard oregon summation terms vulnerability by agreeing to bargain oregon merchantability an plus astatine a acceptable terms connected a aboriginal date, without holding the plus itself.
Regulated futures markets are often viewed arsenic a prerequisite for broader organization information successful the US, including imaginable spot exchange-traded funds (ETFs), due to the fact that they supply standardized terms find and oversight nether the CFTC.
“CFTC-regulated futures marketplace with six months of trading past checks a cardinal container nether the SEC's generic listing standards for spot ETFs," Bitnomial president Michael Dunn said.
Dunn told Cointelegraph the institution is “actively looking astatine caller tokens” for imaginable US organization and retail derivatives markets, but declined to remark connected circumstantial assets.
Previously, Bitnomial listed US-regulated futures tied to assets including Cardano (ADA), XRP (XRP) and Aptos (APT), positioning it among the fewer venues offering regulated crypto derivatives beyond Bitcoin (BTC) and Ether (ETH) successful the US.
Bitnomial’s propulsion to database futures tied to altcoins has not been without regulatory hurdles. In August 2024, the speech sought to self-certify XRP futures with the CFTC, but the Securities and Exchange Commission (SEC) objected, arguing the contracts required registration arsenic a securities exchange.
After suing the SEC successful October 2025 and aboriginal dropping the case, Bitnomial launched XRP futures successful March, citing the agency’s evolving attack to crypto policy.
Related: CFTC issues no-action missive to Bitnomial, clearing mode for lawsuit contracts
A little past of Tezos
Tezos’ mainnet launched successful June 2018 pursuing a 2017 archetypal coin offering that raised astir $232 cardinal successful Bitcoin and Ether. While not the archetypal proof-of-stake blockchain, Tezos was among the earliest layer-1 networks to harvester proof-of-stake with ceremonial onchain governance, enabling token holders to o.k. protocol upgrades that allowed the web to germinate without hard forks.
During the 2021–2022 non-fungible token boom, the blockchain carved retired a niche arsenic a lower-cost, energy-efficient alternate to Ethereum for minting and trading NFTs. As Ethereum gas fees surged, artists and game publishers specified arsenic Ubisoft gravitated to Tezos, citing little transaction costs and the network’s proof-of-stake design.
During these years, Tezos besides secured high-profile sports partnerships with Red Bull Racing and McLaren Racing, and was aboriginal reported to beryllium preparing a multi-year grooming kit sponsorship with Manchester United valued astatine much than $27 cardinal per year.
Tezos’ autochthonal token, XTZ, deed an all-time precocious of $9.12 successful October 2021, according to CoinGecko data, but has since fallen astir 95% and is present trading astir $0.46.
On Jan. 25, Tezos implemented its Tallinn protocol upgrade, cutting base-layer artifact times to six seconds arsenic portion of the network’s 20th onchain upgrade.
Source: CoinGeckoMagazine: Bitcoin is ‘funny net money’ during a crisis: Tezos co-founder
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