Bitnomial, a Chicago-based cryptocurrency exchange, has introduced monthly futures contracts linked to Injective, which is the first US-regulated derivatives product for the native token of the Web3 financial ecosystem.
The release shared with media on Wednesday states that the contracts can be margined in cryptocurrency or US dollars using Bitnomial’s clearinghouse and settled in INJ with monthly expiries, giving traders price exposure without holding the underlying asset.
Source: X.com
In accordance with US Securities and Exchange Commission (SEC) listing regulations, the listing also initiates a six-month track record that may support a spot exchange-traded fund. Cboe BZX Exchange submitted a rule amendment to the SEC in response to Canary Capital’s July filing for a staked INJ ETF.
Institutional clients can access the futures right once, and in the upcoming weeks, retail trading via Bitnomial’s botanical platform is anticipated. Perpetual futures and options linked to INJ will also be added, according to the business.
With an on-chain order book and cross-chain access to networks like Ethereum and Solana, Injective operates on a Layer 1 blockchain designed for financial applications.
The Commodity Futures Trading Commission (CFTC) regulates Bitnomial, a derivatives exchange that runs a trading platform, clearinghouse, and broking for cryptocurrency futures and options.
The first US-regulated derivatives product for the alt coin was introduced in January when the exchange introduced monthly futures contracts linked to Aptos.
Bitnomial is one of the few platforms that list derivatives linked to altcoins, and US-regulated crypto futures are still mostly focused on larger assets like Bitcoin and Ether. It has been necessary to navigate a changing and frequently unpredictable regulatory environment to expand those products.
The SEC contested Bitnomial’s plan to list XRP futures through CFTC self-certification in August 2024, claiming the contracts would necessitate securities exchange registration.
Bitnomial filed a lawsuit in October 2025, abandoned it in March, and then introduced regulated XRP futures for US consumers later that month, claiming changing SEC regulations.
Source: X.com
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