Bitnomial, a CFTC-regulated Designated Contract Market (DCM), has made a historic leap in the U.S. financial markets by self-certifying the first-ever perpetual futures contracts listed on a U.S. exchange.
Starting April 28, 2025, the exchange will introduce BTC/USD perpetual futures, initially available to institutional participants, with plans to expand retail access through Bitnomial’s new trading platform, Botanical. This platform will offer a wide range of products, including perpetual futures, traditional term futures, and options, catering to institutional and retail traders.
This launch of perpetual futures is a game-changer for Bitnomial and the U.S. derivatives market. Luke Hoersten, Founder and CEO of Bitnomial, emphasized that introducing this product places the U.S. at the forefront of regulated perpetual futures trading. “We’re resetting the system,” Hoersten remarked, underscoring the company’s pivotal role in reshaping the future of the $1 quadrillion U.S. futures industry.
Bitnomial is the only U.S. exchange offering physically delivered, non-synthetic crypto futures, options, and perpetual contracts. It plans to introduce perpetual futures settled in Ripple USD (RLUSD), a stablecoin, pending regulatory approvals, enhancing stablecoin-native margining and settlement in the U.S. derivatives infrastructure.
Backed by prominent institutional investors such as Jump Capital, Electric Capital, Coinbase Ventures, and Ripple Labs, Bitnomial plays a central role in reshaping the U.S. derivatives market landscape. Michael Dunn, President of Bitnomial Exchange, pointed out that the platform’s eight-hour funding rate intervals are designed to align with the market structure of offshore venues, making it easier for traders to integrate Bitnomial into their existing systems while staying compliant with U.S. regulations.
Notably, Coinbase is also expanding its derivatives offerings in a related development, having filed with the U.S. Commodity Futures Trading Commission (CFTC) to introduce futures contracts for Ripple’s XRP token. This strategic move positions Coinbase to offer a regulated platform for traders seeking exposure to one of the crypto market’s most liquid assets, further solidifying its commitment to growing its derivative product suite.
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