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Luke Hoersten

Founder, CEO at Bitnomial

Luke Hoersten is the Founder and CEO of Bitnomial, a financial services company specializing in digital asset futures and options trading.12 He founded Bitnomial in 2014, drawing inspiration from his experience on the FX desk of Allston Trading.2

Hoersten has a strong background in the financial technology sector:

  1. Education: Bachelor of Science in Computer Science from Purdue University.3

  2. Professional Experience:

    • Founder and CEO at Bitnomial (2014 - Present)1
    • Partner and Head of Core Technology at Allston Trading (2013 - 2015)1
    • Algorithmic Trader at Allston Trading (2011 - 2013)1
    • Head of Infrastructure at Allston Trading (2009 - 2011)1
    • Software Engineer at Allston Trading (2008 - 2009)1
    • Summer of Code Developer at Google (2006)1

Under Hoersten's leadership, Bitnomial has achieved several significant milestones:

  • Received CFTC approval as a futures exchange in 20202
  • Launched margined, physically settled bitcoin futures market in 20212
  • Obtained approval as a futures commission merchant (FCM) in 20222
  • Achieved registration as a derivatives clearing organization (DCO) in 20232

Hoersten's vision for Bitnomial includes creating a fully operational, end-to-end ecosystem for trading, clearing, and settling derivatives within a U.S.-regulated framework, upgraded to digital asset infrastructure.4

Highlights

Jan 17 · prnewswire.com
Bitnomial Announces Upcoming Launch of Bitnomial Clearinghouse ...
Jan 16 · cbinsights.com
Bitnomial - Products, Competitors, Financials, Employees ...
Oct 1 · cypherhunter.com
Luke Hoersten - CypherHunter
Aug 30 · castleisland.vc
Luke Hoersten (Bitnomial) on Digital Asset Derivatives (EP.549)
Jul 29 · podcasts.apple.com
Luke Hoersten (Bitnomial) on Digital Asset Derivatives
May 29 · Cointelegraph
Luxor and Bitnomial launch Bitcoin mining derivatives product - Cointelegraph
Luxor and Bitnomial launch Bitcoin mining derivatives product - Cointelegraph
Apr 11 · PR Newswire
Bitnomial Reports Q1 2024 Record Volume and Open Interest, Options Launch, and FCM Launch - PR Newswire
Bitnomial Reports Q1 2024 Record Volume and Open Interest, Options Launch, and FCM Launch - PR Newsw
Apr 17 · marketswiki.com
Bitnomial - MarketsWiki, A Commonwealth of Market Knowledge

Related Questions

What inspired Luke Hoersten to start Bitnomial?
How did Luke Hoersten's experience at Allston Trading influence his vision for Bitnomial?
What are the key achievements of Bitnomial under Luke Hoersten's leadership?
How has Bitnomial's partnership with Ripple impacted its growth?
What challenges has Luke Hoersten faced in developing Bitnomial?
Luke Hoersten
Luke Hoersten, photo 1
Luke Hoersten, photo 2
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Location

Greater Chicago Area