Bitnomial, a U.S.-based cryptocurrency derivatives exchange company, today announced the launch of physically-settled Bitcoin futures with up to 35% margin. Initially, Bitnomial will offer trading in two quarterly contracts, Bitcoin US Dollar Futures, and Deci Bitcoin US Dollar Futures, sized for both institutions and individuals, and does not charge for market data or trading access.
The launch marks the first in a suite of products, with options and other assets to be offered in the coming months. Bitnomial’s contracts allow for efficient basis trading, eliminating the need to execute bilateral trades to unwind positions, and enabling lenders and miners to hedge at scale.
Today’s announcement coincides with the announcement of new strategic investors including Franklin Templeton, the O’Brien Family Office, and Belvedere Strategic Capital. The new investors join current investors and participants including Jump Trading, DV Chain, Consolidated Trading, Coinbase Ventures, Digital Currency Group, Electric Capital, and Bittrex Global.
Moreover, Bitnomial has partnered with brokerage firms ED&F Man Capital Markets, Marex, RJ O’Brien & Associates, and StoneX Financial to support trading. DV Chain and Galaxy Digital executed the first trade which was cleared by RJ O’Brien & Associates and ED&F Man Capital Markets, while Genesis has been an early and key supporter of the offering.