Bitnomial, a US-based cryptocurrency derivatives trading company, today announced the launch of physical settlement bitcoin futures with a margin of up to 35%. Initially, Bitnomial will offer the trading of two quarterly contracts, namely Bitcoin USD futures and Deci Bitcoin USD futures, which are suitable for institutions and individuals and will not charge for market data or transaction access.
This release marks the first in a series of products that will offer options and other assets in the coming months. Bitnomial’s contract allows effective basis trading without the need to perform bilateral transactions to close positions, and enables large-scale hedging by lenders and miners.
Today’s announcement coincides with the announcement of new strategic investors including Franklin Templeton, O’Brien Family Office and Belvedere Strategic Capital.New investors join existing investors and participants, including Skip transaction, DV Chain, Consolidated Trading, Coinbase Ventures, Digital Currency Group, Electric Capital and Bittrex Global.
In addition, Bitnomial also cooperates with brokerage companies ED&F Man Capital Markets, Marex, RJ O’Brien & Associates, and StoneX Financial to support transactions. DV Chain and Galaxy Digital executed the first transaction, which was cleared by RJ O’Brien & Associates and ED&F Man Capital Markets, and Genesis was the early and main supporter of this issue.