Mission

Building the Future of Markets.

We're building the next-generation exchange and clearinghouse—dedicated to cutting-edge derivatives, innovative market structures, and breakthrough trading technology.

We foster innovation while upholding trust and integrity through US CFTC regulation, delivering tools that meet today's needs and shape the future of finance.

2014

Founding

On the FX desk of Allston Trading, Luke witnessed first-hand as the markets sought a safe haven from global economic uncertainty. Investors piled into the Swiss Franc causing its value to soar and impair Swiss exports. The Franc-Euro peg and subsequent unpeg caused even further economic turmoil. Bitnomial was founded to solve market dynamics and access problems.

2020

DCM Approval

Bitnomial Exchange, LLC was designated as a contract market (DCM) by the US Commodity Futures Trading Commission (CFTC) to operate an exchange for margined and deliverable digital asset futures and options, a first for new exchanges.

2021

DCM & Physical Futures Launch

Bitnomial Exchange, LLC launched their margined, physically settled bitcoin futures market.

2022

FCM Registration

Bitnomial Clearing, LLC becomes a registered member of the National Futures Association (NFA) as a Futures Commission Merchant (FCM) for margined and deliverable digital asset futures and options.

2023

DCO Approval

Bitnomial Clearinghouse, LLC was registered as a derivatives clearing organization (DCO) by the US Commodity Futures Trading Commission (CFTC) to operate a clearinghouse for margined and deliverable digital asset futures and options, becoming the first crypto-native exchange to be granted the full set of CFTC derivatives licenses.

2025

DCO & Perpetual Futures Launch

Bitnomial Clearinghouse, LLC launched immediately supporting the first ever U.S. perpetual futures contract, replicating the full economic mechanics of offshore perps within the existing regulatory framework.

Bitnomial, Inc.

Luke Hoersten

Founder & Chief Executive Officer

Mr. Hoersten was previously a Managing Partner at Allston Trading, LLC where he was Head of Core Technology.

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Matthew Wraith

Director of Technology
(Founding Chief Technology Officer)

Mr. Wraith was previously Co-founder and CTO of PeerTrader, a FINRA-registered trading and portfolio management platform for peer-to-peer debt.

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Kevin Burford

Director of Product

Mr. Burford, previously a Director at DRW Europe, is responsible for the product strategy and development of Bitnomial.

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David Bock

Director of Enterprise Risk

David Bock, previously VP of Risk at ABN AMRO Bank, is responsible for overseeing enterprise risk management, ensuring the identification and mitigation of potential risks across the organization.

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Bitnomial Exchange, LLC &
Bitnomial Clearinghouse, LLC

Michael Dunn

President

Mr. Dunn was previously Head of the Global Market Making Group at Allston Trading, LLC. Prior to global market making, Mr. Dunn was Head of Operations for the Global Equities Group and a member of the Trading Operations and Risk team.

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James Walsh

VP of Regulation & Compliance
(Chief Regulatory & Compliance Officer)

Mr. Walsh, a member of the Illinois Bar, was previously Regulatory Investigator and Compliance Specialist at Cboe Global Markets, Inc. and CBOE Futures Exchange, LLC. Prior to earning his law degree, Mr. Walsh traded financial and agricultural futures on the Chicago Mercantile Exchange, Inc. floor.

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Amy McCormick

VP of Risk
(Chief Risk Officer)

Amy McCormick, previously Managing Director of Market Risk and Default Management at OCC and Executive Director at CME Group, leads the risk management efforts at Bitnomial Exchange & Clearinghouse.

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Seth Larson

VP of Operations

Seth Larson, previously Development Operations Lead at Allston Trading and Operations of ICE Clear Credit, oversees the operational aspects of Bitnomial Exchange & Clearinghouse.

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Bitnomial Clearing, LLC

Joseph Pensinger

President

Mr. Pensinger was previously a Managing Partner at Allston Trading, LLC where he led firm-wide trading operations, head of multiple trading desks, member of the Audit Committee, and chaired the Operating Committee.

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Nathanial Haynes

VP of Risk
(Chief Risk Officer)

Nathanial Haynes, a seasoned STIRs and Fixed Income Trader for 20 years, leads risk management.

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James Haney, CPA

VP of Finance
(Chief Financial Officer)

James Haney, CPA, previously CFO at Advantage Futures, manages the financial operations.

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Alma Fabara

VP of Compliance
(Chief Compliance Officer)

Alma Fabara, previously Chief Compliance Officer at Iron Bean, oversees compliance operations.

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Investors

Jobs

Join the Team! Shape the Future of Finance With Us.

Chicago, Illinois, USA

Trading Systems Engineer

Build high-performance trading systems. Implement low-latency APIs for derivatives trading and settlement while working with our expert team. Design elegant solutions for complex financial instruments with strict correctness guarantees.

Apply Now

Chicago, Illinois, USA

Haskell Software Engineer

Build high-performance trading systems using Haskell's type system and pure functional programming. Implement low-latency APIs for derivatives trading and settlement while working with our expert team. Design elegant solutions for complex financial instruments with strict correctness guarantees through Haskell's advanced type safety.

Apply Now

Start Trading

Trade US Perpetual Futures, Physical Futures, and Options on the Bitcoin Complex®, XRP, ETH, SOL, and more.