US CFTC eyes spot crypto trading launch next month
- ByStartupStory | November 11, 2025
The U.S. Commodity Futures Trading Commission (CFTC) is preparing to launch spot cryptocurrency trading on regulated exchanges as early as December 2025. Acting Chair Caroline Pham has been personally engaging with CFTC-regulated exchanges such as CME Group, Cboe Futures Exchange, ICE Futures, and crypto firms like Coinbase Derivatives to facilitate the introduction of spot crypto trading products that may also include leveraged offerings.
This initiative is part of the CFTC’s broader regulatory strategy to enable immediate trading of digital assets at the federal level, building upon existing authorities under the Commodity Exchange Act. The CFTC invites public feedback to help finalize regulatory guidance for listing spot crypto asset contracts on designated contract markets (DCMs).
The collaboration between the CFTC and the Securities and Exchange Commission (SEC) includes a joint statement clarifying that registered exchanges can list and facilitate trading of particular spot crypto asset products, promoting innovation and competition. This move is seen as pivotal for establishing the United States as a global hub for digital asset trading while enhancing market integrity and protecting investors.
Experts anticipate that the new regulated market for spot crypto trading, including leveraged products, will attract institutional capital from funds such as pension funds and hedge funds. However, some caution about systemic risk associated with leveraged products entering mainstream retail markets.
This launch marks a significant regulatory turning point that will likely foster increased liquidity, transparency, and adoption of crypto assets within a secure, compliant marketplace.
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