Bitcoin Derivatives Exchange
Bitnomial was founded in 2014 to create a marketplace connecting native digital asset hedgers with institutional traders. Bitnomial offers improved derivatives exchange technology coupled with new digital asset settlement systems.
Our Company
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
CFTC 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
Launch: Bitnomial Exchange, LLC launched their margined, physically settled bitcoin futures market.
2022
FCM: 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
CFTC 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.
Our Company
Our Team
Luke Hoersten
Founder & Chief Executive Officer, Bitnomial, Inc.
Mr. Hoersten was previously a Managing Partner at Allston Trading, LLC where he was Head of Core Technology and served in a variety of leadership roles from Head of Infrastructure to Head of Equities and Options Trading Technology.
Joseph Pensinger
Chief Compliance Officer, Bitnomial Clearing, LLC
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.
James Walsh
Chief Regulatory Officer, Bitnomial Exchange, LLC
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.
Michael Dunn
President, Bitnomial Exchange, LLC
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.
Matthew Wraith
Director of Information Technology, Bitnomial, Inc.
Mr. Wraith was previously Co-founder and CTO of PeerTrader, a FINRA-registered trading and portfolio management platform for peer-to-peer debt. Prior to PeerTrader, Mr. Wraith was with CameronGroup where he built trading system and enterprise testing and assurance.
Our Directors
Peter Nabicht
Public Director, Bitnomial Exchange, LLC
Mr. Nabicht is currently President at Securities Technology Analysis Center. Previously Head of Electronic Market Development at Tradeweb Markets LLC and Executive Vice President of Business Development at Allston Trading, LLC.
Thomas J. Anderson
Public Director, Bitnomial Exchange, LLC
Mr. Anderson is currently Senior Vice President at ADM Investor Services, Inc. in Accounting, Compliance, Risk and Treasury. Previously CFO at Allston Trading, LLC. EVP/CFO at R.J. O'Brien and Associates, LLC. Group Treasurer atNewedge. Group COO & CFO at Calyon Financial. CFO at Lind-Waldock.