# Bitnomial

Bitnomial is an other based in Chicago, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 325 W. Huron St. Chicago, IL 60654 United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** bitnomial.com
- **LinkedIn:** https://www.linkedin.com/company/bitnomial

## Regulatory record

- **Reports private funds:** No

## About

Bitnomial operates a US-regulated exchange and clearinghouse for perpetual futures, futures, options, leveraged spot, and prediction markets. It is regulated by the CFTC as a Designated Contract Market, Derivatives Clearing Organization, and Futures Commission Merchant. The platform offers crypto-margined and crypto-settled products with up to 6x leverage.

## Sectors

- Infrastructure
- FinTech

## People

- Luke Hoersten — Founder & Chief Executive Officer
- Matthew Wraith — Founding Chief Technology Officer
- Kevin Burford — Chief Product Officer
- Michael Dunn — President & Chief Commercial Officer
- Joseph Pensinger — President of Bitnomial Clearing, LLC

## Questions

### Who runs investment decisions at Bitnomial?

Luke Hoersten, founder and CEO, leads the firm's strategic direction. Michael Dunn, President and Chief Commercial Officer, oversees commercial execution. Bitnomial is not an asset manager — it is an exchange and clearinghouse, so investment decisions refer to product and market development rather than capital deployment.

### How does Bitnomial source proprietary deal flow?

Bitnomial does not source deal flow as an investment firm. It operates a regulated exchange and clearinghouse. Its revenue comes from trading fees, not fund carry or co-investment returns.

### Does Bitnomial participate in fund commitments or only direct deals?

Bitnomial does not make fund commitments or direct investments. It provides trading infrastructure — a venue for perpetuals, futures, options, and spot trading.

### What investment stages does Bitnomial typically target?

Bitnomial is not an investor. It serves as a trading platform for retail and institutional participants, offering products across spot, perpetuals, futures, and options.

### Which sectors does Bitnomial explicitly avoid?

Bitnomial focuses exclusively on digital assets derivatives. It does not operate in traditional equities, commodities, or foreign exchange.

### How is Bitnomial related to Payward / Kraken?

Payward Inc., the parent company of Kraken, completed its acquisition of Bitnomial in 2025 (per the firm, 2025). The acquisition combined Kraken's spot exchange with Bitnomial's CFTC-regulated derivatives infrastructure.

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- [DPO](https://altss.com/profile/dpo)
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Updated: 2026-07-10T20:39:13.000Z

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