Bitnomial, Inc. ("Bitnomial"), a US-regulated crypto derivatives exchange company, announces the launch of block trading on Bitnomial Exchange, LLC. Block trading provides traders with the ability to execute large trades off the order book, helping to reduce market impact, mitigate counterparty risk, and minimize slippage. With Bitnomial's physically delivered bitcoin futures, block trades give institutional participants (ECPs) a way to buy and sell crypto on credit.
"We are thrilled to be offering block trading to our users," said Bitnomial Exchange President, Michael Dunn. "By providing this new functionality, we are able to cater to the needs of larger traders who require more flexibility when executing their trades."
"Electric Capital is excited to be a block participant on Bitnomial and looks forward to providing liquidity to the growing market. With the launch of block trading, Bitnomial is enabling game changing capital efficiency for physical crypto participants in the regulated US market," said Curtis Spencer, Co-founder and Partner at Electric Capital.
Michael Dunn recently spoke with Michael Bodley at Blockworks about the launch of the block trading solution in the current market environment. You can learn more in their exclusive coverage of the launch.