bitnomial
Provides a regulated cryptocurrency derivatives exchange and clearinghouse.
Company facts
- Founded
- 2014
- Employees
- 26
- Headquarters
- United States
- CEO
- Luke Hoersten
- Type
- Private
- Funding
- Series C · $25M · 2024
- Subsidiaries
- Bitnomial Exchange, LLC, Bitnomial Clearinghouse, LLC, Bitnomial Clearing, LLC, Bitnomial Settlement, LLC, Bitnomial Trading, LLC
About
In 2014, Bitnomial emerged from a critical insight: the future of financial markets would be built on digital assets, but the infrastructure to trade them with institutional-grade safeguards didn't exist in the United States. From their headquarters in Chicago - a historic center of commodity and financial derivatives - the founders set out to build the first and only crypto-native spot and derivatives exchange and clearinghouse in the U.S. regulated by the CFTC. Today, Bitnomial operates as a fully integrated financial infrastructure powerhouse, spanning Designated Contract Market (DCM), Derivatives Clearing Organization (DCO), and Futures Commission Merchant (FCM) licenses. They pioneered the first CFTC-regulated perpetual futures, leveraged retail spot trading, and became the only U.S. exchange accepting digital assets as margin collateral. With their Botanical trading platform and support for crypto-settled derivatives, Bitnomial is bringing offshore trading models into compliance with U.S. regulations - giving institutions and sophisticated traders a way to gain exposure to digital assets through the same robust framework that powers traditional derivatives markets.