Catenaa, Sunday, November 16, 2025- The US Commodity Futures Trading Commission plans to permit leveraged spot cryptocurrency trading on regulated American exchanges as early as next month, signaling a major shift in domestic digital asset policy.
Acting Chair Caroline Pham confirmed the agency is in talks with exchanges including CME Group, Cboe, ICE Futures, Coinbase Derivatives, Kalshi, and Polymarket to finalize new margin and financing products.
The proposed offerings would operate under existing commodities law, providing oversight, risk management, margin requirements, and investor protections.
Until now, leveraged spot trading was largely limited to offshore platforms due to “actual delivery” rules under the Commodity Exchange Act, which require delivery of assets within 28 days.
The initiative targets major digital assets such as Bitcoin and Ethereum and is intended to create a regulated onshore alternative for both retail and institutional investors.
Pham said the agency is acting on recommendations from the President’s Working Group on Digital Asset Markets while broader legislative guidance is still pending in Congress.
The effort comes as the longest US government shutdown in history concludes, allowing agencies like the CFTC and SEC to resume operations and address a backlog of crypto rulemaking, including spot ETF applications.
Pham’s push reflects growing coordination with the SEC and broader plans to integrate stablecoins as collateral in derivatives markets.
Bringing leveraged crypto trading to US-regulated platforms is expected to improve investor protections, strengthen risk management, and potentially attract institutional participation previously limited to offshore venues.
CFTC will permit leveraged spot crypto trading in the US, creating a regulated alternative for Bitcoin and Ethereum markets.
