Bitnomial, Inc., a U.S. derivatives exchange company, announces the planned launch of the leveraged retail spot crypto exchange operating under CFTC regulation via its Designated Contract Market (DCM), Bitnomial Exchange, LLC, and Derivatives Clearing Organization (DCO), Bitnomial Clearinghouse, LLC.
Retail and institutional traders benefit from “net settlement, portfolio margining across spot, perpetuals, futures, and options all on one exchange, eliminating redundant margin requirements.”
Institutions and brokers benefit from having access to a CFTC regulated spot exchange “rather than state money transmitter oversight, resolving longstanding compliance incompatibilities.”
This launch is said to have been made possible by the work of CFTC Acting Chair Caroline Pham.
Her pro-innovation stance has opened new pathways “for compliant retail crypto trading in the US by realizing that retail commodity transactions can be offered on a DCM and cleared by a DCO.”
Spot trading offered on a DCM means all orders, retail and institutional, receive equal and fair treatment with “no preferential routing, no information advantage, and equal access to liquidity.”
Luke Hoersten, Founder and CEO of Bitnomial said that leveraged spot crypto trading is now available “under the same regulatory framework as U.S. perpetuals, futures, and options.”
Hoersten added that broker intermediation and Clearinghouse net settlement eliminate “counterparty risks while providing the capital efficiency traders need.”
They are bringing leveraged spot crypto trading “back to the U.S. with CFTC oversight.”
They also noted that they’re grateful to Chairman Pham for her pro-business approach to “allow regulated entities to utilize the full scope of statutory capabilities afforded under U.S. law.”
The convergence of spot, perpetuals, futures, and options on “a single exchange with unified portfolio margining transforms capital efficiency.”
Instead of maintaining separate, “fully-collateralized” positions across multiple venues, traders aim to “offset risk across all product types on one platform.”
The launch, scheduled for the week of Dec 8, 2025, represents a key moment for U.S. crypto markets.
As the platform to bring leveraged spot crypto trading under CFTC regulation via the DCM and DCO framework, Bitnomial is establishing a “standard for how digital asset markets operate in the United States.”
By combining the capital efficiency of “net settlement” and portfolio margining with the protections of U.S. derivatives market infrastructure, the platform delivers “access to leverage for retail and institutional traders.”
Bitnomial, Inc., headquartered in Chicago, is a derivatives exchange company that “owns and operates U.S. CFTC-regulated exchange (DCM), clearinghouse (DCO), and clearing brokerage (FCM) subsidiaries.”
Bitnomial offers US perpetuals, physical futures, and options “on the Bitcoin Complex comprising BTC and Hashrate, and the Crypto Complex comprising the first ever US XRP, ADA, and USDC futures.”