# Bitnomial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitnomial

- Industry: Financial Services
- Headquarters: Chicago, US
- Website: https://bitnomial.com/
- Total disclosed funding: $12M
- Latest round: Series B (Sep 18, 2020)
- Investors on record: 6

## About

Founded in 2014, and based in Illinois, US, Bitnomial, Inc. operates as a cryptocurrency derivatives exchange company. The company was founded by its CEO, Luke Hoersten, who was previously a Managing Partner at Allston Trading, LLC. In April 2020,  the company was approved to operate a US futures and options exchange as a designated contract market (DCM) by the US Commodity Futures Trading Commission, and in October 2024, Bitnomial, Inc. raised USD 25 million in venture funding led by Ripple Labs Inc., with participation from unspecified investors.

Bitnomial is an independent and neutral market operator that builds and runs bitcoin trading exchanges, offers clearing and settlement infrastructure, and connects native digital asset hedgers with institutional traders. To provide trading support for its global customers, the company collaborates with brokerage firms ED&F Man Capital Markets, Marex, RJ O'Brien & Associates, and StoneX Financial. As of 2022, the company's trading products are offered for institutions and individuals, and they include Bitcoin US Dollar Futures and Deci Bitcoin US Dollar Futures, both of which are free to trade and provide market data.

## Funding rounds

- Series B, Sep 18, 2020, $12M — Jump Capital, Electric Capital
- Series A, Jun 1, 2018 — RRE Ventures, Digital Currency Group, Jump Capital, Coinbase Ventures, ValueStream Ventures

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series A
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Series A, Series B
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- ValueStream Ventures (https://capitalatlas.ai/funds/valuestream-ventures) — Series A
- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Series B