Katten advises Bitnomial on launch of first US-listed leveraged spot crypto product

CHICAGO, December 4, 2025 /PRNewswire/ — Katten announced today that the company is representing Bitnomial Exchange in the upcoming launch of the first listed leveraged spot cryptocurrency produced in the United States.

The launch marks an important milestone in the evolution of the United States digital asset market structure and reflects Bitnomial’s continued leadership in creating regulated pathways for crypto trade. Bitnomial’s new offering will expand access to listed companies crypto trading for market participants seeking regulated, exchange-traded exposure with the benefits of centralized execution, clearing and robust risk controls.

Led by Capital Markets Litigation and Enforcement Associate Matthew F. Kluchenek and Capital Markets and Funds Associate Alexander C. Kim, the Katten team advised Bitnomial on a range of regulatory, market structure and operational considerations associated with the listing and clearing of a new leveraged spot offering on an exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC).

“We are proud to support Bitnomial in achieving this first launch in the United States and congratulate the Acting Chairman of the CFTC. Caroline Phamwhose innovative leadership was instrumental in bringing this project to fruition,” said Kluchenek. “The product design and market infrastructure reflect a sophisticated approach to risk management and regulatory compliance in a new asset class.”

Katten’s work with Bitnomial follows his advice on the very first launch of crypto perpetual in the United States and highlights the firm’s industry-leading financial services practices. Collectively, the broad group of attorneys, led by highly regarded industry pioneers and pioneers, senior counsel and former prosecutors, and senior officials from the CFTC, Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and Department of Justice (DOJ), alongside veterans of global investment banks, has unparalleled experience in financial markets, products, and regulation.

Since the creation of cryptocurrency trading, Katten has been at the forefront of developments in the crypto space and at the forefront of digital asset-related law. The company is widely considered a thought leader in this space, having authored the “Derivatives Global 2025” guide published by Chambers and Partners. Recognized in Blockchain & Cryptocurrencies And Cryptocurrency-Categories of asset disputes in the latest FinTech Rooms guide as well as in the categories of products derived from the Global Chambers And USA guides, Katten offers a 360-degree platform and unique holistic approach to digital assets, advising market-leading clients on matters relating to transactions, regulation, compliance and law enforcement.

Katten is a full-service law firm with nearly 650 attorneys located throughout the country. the United States and in London And Shanghai. Clients seeking sophisticated, high-value legal services turn to Katten for advice locally, nationally and internationally. The firm’s primary practice areas include corporate, financial markets and funds, insolvency and restructuring, intellectual property, litigation, real estate, structured finance and securitization, transactional tax planning, private credit and private wealth. Katten represents public and private companies in numerous industries, as well as a number of government and nonprofit organizations and individuals.
For more information, visit katten.com.

View original content to download multimedia:

SOURCE Katten