Bitnomial, a Chicago-based derivatives exchange, has launched the first U.S.-regulated Aptos (APT) futures contracts. The product is initially available to institutional traders and is expected to open to retail users via its Botanical platform in the coming weeks.

The contracts are settled monthly in either U.S. dollars or APT, depending on the direction of the position. Traders can post margin in cryptocurrency or U.S. dollars through Bitnomial’s clearinghouse. The exchange also plans to introduce APT perpetual futures and options at a later stage.