Bitnomial
| Bitnomial | |
| |
| Founded | 2014 |
|---|---|
| Headquarters | 318 W Adams Chicago, IL 60606 |
| Key People | Luke Hoersten, Founder and CEO; Matthew Wraith, Director of Information Technology; Michael Dunn, Director of Market Operations & Surveillance |
| Products | Digital asset derivatives exchange |
| @Bitnomial | |
| Website | Bitnomial Homepage |
| Blog | Bitnomial Blog |
Bitnomial was approved by the U.S. Commodity Futures Trading Commission (CFTC) as a futures exchange, or designated contract market, on April 17, 2020.[1]
Overview[edit]
Planning to become a futures exchange, Bitnomial first applied to the CFTC in September 2016. The company raised $7.5 million in equity funding in December 2018.[2] Investors included Jump Capital, Coinbase Ventures, Digital Currency Group, RRE Ventures, and ValueStream Ventures.[3]
Upon designation by the CFTC, Bitnomial said that it would list deliverable futures contracts on both one full and one-tenth bitcoins. It also said it would offer options on the one-bitcoin futures. In a statement congratulating the exchange, Minneapolis Grain Exchange, Inc., which operates a futures exchange as well as a derivatives clearing organization, said that it would clear Bitnomial futures contracts.[4]
References[edit]
- ↑ Trading Organization Associated Documents. Commodity Futures Trading Commission.
- ↑ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM D Notice of Exempt Offering of Securities. SEC.
- ↑ About. Bitnomial.
- ↑ MGEX Extends Congratulations To Bitnomial. Mondo Visione.