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The Bitcoin Complex®

Complete Bitcoin Derivatives Suite

The Bitcoin Complex® is Bitnomial’s integrated complex of regulated bitcoin derivatives, featuring related and perfectly-hedged contract structures. This complex enables institutional traders to efficiently hedge risk and manage bitcoin inventory using coordinated products designed for seamless risk transfer and inventory management.

  • Bitcoin Perpetual Futures: First-ever CFTC-regulated bitcoin perpetual futures, offering continuous exposure and institutional-grade risk management.
  • Bitcoin Physically-Delivered Futures: Standard, deci, and centi bitcoin futures with physical delivery, ensuring true price convergence and direct access to underlying bitcoin.
  • Bitcoin Hashrate Futures: Industry-first bitcoin mining difficulty futures, enabling direct exposure to mining economics and effective hashrate risk management.
  • Bitcoin Options: Physically delivered bitcoin options, providing flexible strategies and physical settlement for robust risk management.

First-Ever Regulated Bitcoin Perpetual Futures

Bitnomial launched the US perpetual futures industry with the first-ever CFTC-regulated Bitcoin perpetual futures contract. Learn more about our perpetual futures product. This groundbreaking product combines:

  • Perpetual exposure to Bitcoin spot price movements
  • 8 hour funding rates to match global markets
  • Floating basis pricing
  • Interest rate adjustment
  • Regulated market structure

Physical Delivery Advantage

Our physical delivery contract complex sets Bitnomial apart:

  • True price convergence through physical settlement
  • Direct access to underlying Bitcoin
  • Elimination of slippage risk
  • Seamless integration with spot inventories
  • Efficient delivery system

Industry-First Hashrate Futures

Bitcoin hashrate represents the total computational power used to mine and process transactions on the Bitcoin network. Our Hashrate futures, developed in partnership with Luxor, provide the first-ever regulated Bitcoin mining difficulty futures, enabling miners and lenders to hedge against hashrate volatility and optimize mining operations.

Key Features:

  • Settlement based on Bitcoin network difficulty
  • Settle in USD or BTC when paired with physically-delivered Bitcoin futures
  • Standardized contract sizes with transparent price discovery
  • Capital efficiency and margin offsets against Bitcoin futures

Physical Bitcoin Options

Bitnomial offers the only physically delivered Bitcoin options in the United States, providing the sole alternative to CME's cash-settled options. Learn more about our options product. Our physically delivered options eliminate basis risk and ensure true price convergence with the underlying Bitcoin asset.

Key Advantages:

  • Physical delivery of actual Bitcoin at expiration
  • European-style exercise with multiple strikes and expirations
  • Direct integration with Bitcoin infrastructure
  • True hedging capabilities without cash settlement risk

Start Trading

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

Signing up with Bitnomial, Inc. requires additional verification with an FCM to trade futures. Futures accounts are offered by Bitnomial Clearing, LLC, a CFTC-registered FCM and NFA member. Trading in futures involves substantial risks. You should only trade in financial products that you are familiar with and understand the associated risks, and after carefully considering whether such trading is suitable in light of your investment experience, financial position, and investment objectives. Leverage in futures trading can work for you or against you. The risk of loss using leverage can exceed your initial investment amount. See Bitnomial entity affiliation and registration disclosures and FCM financial and risk disclosures.