Trading On margin

Bitnomial Launches Marginalized, Physically Settled Bitcoin Futures In US


  • Bitnomial has launched US-based, “physically” settled bitcoin futures contracts with a 35% margin.
  • Contracts allow for efficient basic trading, eliminating the need to execute bilateral trades to unwind positions.
  • The new offer also allows lenders and miners to cover themselves on a large scale.

The Bitcoin derivatives exchange Bitnomial has launched US-based bitcoin futures contracts, “physically” settled with a 35% margin, the company said in a statement on November 15. Contracts increase the efficiency of basic exchanges because they eliminate the need to execute bilateral trades to unwind positions and allow lenders and miners to hedge on a large 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 statement said. “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.”

Bitnomial supports trading for clients around the world through partnerships with brokerage firms ED&F Man Capital Markets, Marex, RJ O’Brien & Associates and StoneX Financial. The first transaction was executed by DV Chain and Galaxy Digital and authorized by RJ O’Brien & Associates and ED&F Man Capital Markets.

“As a derivative block liquidity provider and first participant in the Bitnomial market, Genesis is delighted to see the launch of additional regulated platforms for trading in physically settled futures,” said Joshua Lim, Head of derivative products at Genesis, one of the early and main proponents of the offering. . “We see Bitnomial filling a niche for basic trading on deliverable futures.”

According to the release, Bitnomial initially offers trading of two quarterly contracts, US Dollar Bitcoin Futures and Deci Bitcoin US Dollar Futures, designed for institutional and retail investors and does not charge for market data or access to trading. The Company is a designated contracts market (DCM) wholly owned and regulated by the United States Commodity Futures Trading Commission (CFTC).