TL;DR

• CFTC records show Bitnomial’s “Ondo US Dollar Spot” futures product was certified on October 1.
• The filing classifies the contract as a futures product under the financial-instrument category.
• Certification is a regulatory product filing status; it should not be described as a broad CFTC endorsement of ONDO or the underlying protocol.

Bitnomial has added another crypto-linked contract to its regulated US derivatives pipeline, this time tied to Ondo.

The Commodity Futures Trading Commission’s designated contract market product database shows “Ondo US Dollar Spot” under Bitnomial, with a futures classification and a certified status dated October 1.

That puts Ondo alongside a growing list of digital assets being wrapped into products on regulated US derivatives venues.

Bitnomial is becoming more important to US crypto market structure

Bitnomial’s role has expanded significantly since Kraken parent Payward acquired the platform and began using its regulated stack for US derivatives products.

Bitcoinist has covered Kraken’s launch of CFTC-regulated perpetual futures for eligible US professional traders as well as the earlier plan to deliver perpetual-style products through Bitnomial.

The exchange structure matters because US traders historically had far fewer domestic routes into crypto-native derivatives than users on offshore venues.

An Ondo-linked futures contract widens that regulated menu beyond the largest assets.

“Certified” has a specific meaning

The CFTC database lists the contract as certified on October 1.

That should not be turned into a claim that the regulator has evaluated ONDO as a good investment or endorsed the Ondo project. Futures exchanges can self-certify products under the Commodity Exchange Act by representing that the contract complies with applicable rules.

The regulatory status is about the listed derivatives product.

That precision matters in crypto because product approval, asset classification and project legitimacy are often collapsed into one headline even though they are legally different questions.

Bitcoinist has also tracked the increasing overlap between crypto and regulated financial infrastructure through Kraken’s Bitnomial acquisition and other domestic derivatives launches.

More altcoin exposure is moving into regulated wrappers

Bitcoin and Ethereum built the first deep US regulated derivatives markets. The next stage is broadening the asset set.

Every additional contract gives professional traders another way to hedge, express a directional view or arbitrage differences between spot and derivatives markets without leaving a regulated venue.

Whether the Ondo contract attracts meaningful liquidity remains to be seen. Certification opens the door; market makers and traders still have to decide whether the product is worth using.

For now, the important fact is straightforward: Bitnomial has a certified Ondo US dollar futures product on the CFTC’s October 1 list.

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This article was written by the News Desk and edited by Samuel Rae.

TL;DR

• Strive bought another 1,107 BTC for approximately $94.5 million between September 21 and September 25.
• The company paid an average of $85,396 per Bitcoin.
• Strive now holds 27,462 BTC as it continues expanding one of the largest public-company Bitcoin treasuries.

Strive has added another 1,107 Bitcoin to its corporate treasury, spending approximately $94.5 million during the latest week of accumulation.

The company disclosed the purchases on September 28, saying it paid an average of $85,396 per BTC between September 21 and September 25.

The acquisition pushes Strive’s total holdings to 27,462 BTC.

Preferred Stock Supplied Most Of The Capital

The latest purchase was funded largely through Strive’s SATA preferred stock.

According to the company’s disclosure, roughly 85% of the capital deployed during the week came from SATA-related financing.

Warrant exercises generated another approximately $12.4 million.

That financing structure is becoming as important to the Bitcoin treasury story as the purchases themselves.

Companies following the Strategy model need a repeatable way to raise capital without simply spending operating cash.

Preferred securities give Strive another route.

Investors receive a security with its own income and capital characteristics, while Strive can direct proceeds toward additional Bitcoin.

The company is effectively building a capital-markets engine around BTC accumulation.

Strive Is Closing In On The Largest Corporate Holders

With 27,462 BTC, Strive now sits among the biggest publicly tracked corporate Bitcoin treasuries.

It remains behind several larger holders, but the gap has narrowed quickly as the company has continued raising capital and buying.

The pace also creates a more complicated question for shareholders.

Owning more Bitcoin does not automatically mean each share becomes more valuable.

Investors need to consider how much equity, preferred stock or other financing is issued to fund the purchases and what happens to Bitcoin exposure on a per-share basis.

That is why treasury companies increasingly talk about metrics such as Bitcoin per share rather than simply headline BTC totals.

Strive has made clear that growing its Bitcoin position remains central to the strategy.

The latest purchase is not enormous relative to Strategy’s holdings, but $94.5 million in a single week is meaningful for a company still climbing the treasury rankings.

It also comes as Bitcoin trades around the low-to-mid $80,000 range rather than at a deeply discounted point in the cycle.

Strive is not waiting for a major pullback.

It is continuing to convert capital-market access into Bitcoin while that access remains available.

This article was written by the News Desk and edited by Samuel Rae.

TL;DR

• Coinbase has already launched gold and silver perpetual futures for eligible non-US traders.
• The company is also moving its regulated US gold and silver futures toward 24/7 availability through Coinbase Derivatives.
• The products provide derivatives exposure rather than physical bullion ownership.

Coinbase is extending its “everything exchange” strategy into precious metals, using crypto-style derivatives infrastructure to make gold and silver increasingly available outside traditional market hours.

The company already offers GOLD-PERP and SILVER-PERP contracts to eligible non-US traders and has been working to move its US-regulated commodity futures toward 24/7 trading.

Metals Are Getting Crypto Market Hours

Traditional commodities markets are highly liquid, but they still operate around established exchange schedules.

Crypto traders are used to something different.

Bitcoin and other digital assets trade continuously, including weekends and overnight periods when many conventional markets are closed.

Coinbase’s metals push is an attempt to bring that always-on model to gold and silver price exposure.

For non-US users, perpetual contracts provide continuous leveraged exposure settled in USDC.

For eligible US users, the regulated route runs through Coinbase Derivatives, a CFTC-regulated designated contract market and its participating intermediaries.

Derivatives Are Not Bullion

The product structure needs to stay clear.

Traders are not taking delivery of gold bars or silver coins simply because they trade these contracts.

The instruments provide financial exposure to metal prices.

That means users still face derivatives-specific risks including leverage, margin requirements and liquidation.

Coinbase is also using hybrid index mechanisms to keep commodity perpetual prices aligned during periods when underlying traditional markets are closed.

That is a technical challenge crypto exchanges increasingly need to solve as they move into traditional assets.

The bigger trend is straightforward.

Crypto venues no longer want to be places where users trade only cryptocurrencies.

They want the same account and collateral base to provide exposure to equities, commodities, prediction markets and other assets.

Gold and silver are becoming another test of how far that model can stretch.

Precious metals are also a useful test case for the wider strategy because their reference markets are deep and globally understood. If crypto exchanges can offer reliable around-the-clock derivatives on gold and silver, the same infrastructure can potentially be extended to more commodities and equity-linked products. The challenge is maintaining credible pricing when traditional venues are closed. Coinbase’s use of external and internal reference mechanisms is designed to bridge that gap, but traders still need to understand that weekend liquidity and price discovery can behave differently from the primary futures market.

This article was written by the News Desk and edited by Samuel Rae.