---
title: 'Security at Bitnomial'
canonical: 'https://feeny.ai/job/security-bitnomial-hegqma60snz7'
type: 'job'
last_seen: '2026-11-08'
---

# Security at Bitnomial

- **Company:** Bitnomial
- **Last confirmed live:** 2026-11-08
- **Apply:** https://www.ashbyhq.com/security

## About Bitnomial

## Company Overview
- **One-liner**: Bitnomial is a US CFTC-regulated digital asset derivatives exchange offering perpetual futures, futures & options, leveraged spot, and prediction markets on a unified platform.
- **Entity Type**: Private (acquired by Payward, the parent company of Kraken, in 2025)
- **Headquarters**: Chicago, Illinois, USA
- **Founded**: 2014
- **Founders**: Luke Hoersten (CEO)

## Core Business
- **Primary industry**: Capital Markets / Crypto Derivatives
- **Target customers**: B2B and B2C – institutional traders, retail investors, and FCMs globally (US and international)
- **Mission**: "To build the most trusted and innovative digital asset exchange in the United States."

## Products & Services
- **[Perpetual Futures]**: First CFTC-regulated perpetual futures, crypto-margined and crypto-settled, with up to 6x leverage.
- **[Futures & Options]**: Physically delivered Bitcoin futures and options, also settled in the underlying digital asset.
- **[Leveraged Spot]**: CFTC-regulated leveraged retail spot market.
- **[Prediction Markets]**: Event‑based contracts on the same platform.
- **[Botanical Platform]**: Unified trading interface for all products (perpetuals, futures, options, spot, predictions).
- **[Hashrate Futures]**: Innovative futures contracts tied to Bitcoin mining hashrate.

## Market Standing
- **Valuation / Market Cap**: Not disclosed (acquired by Payward/Kraken in December 2025)
- **Key Metric**: Total funding $45.5M (last round: $25M venture round led by Ripple in July 2024)
- **Notable Investors/Partners**: Electric Capital, Jump Capital, Franklin Templeton, RRE Ventures, Ripple
- **Growth Signals**: 
  - Acquired by Payward (Kraken’s parent) in late 2025, signaling major expansion.
  - Added prediction markets and leveraged spot products in 2025.
  - Headcount 21 (+4.2% YoY) with offices in Chicago, Mexico, UK.
  - Monthly website traffic ~6,700 visits, growing +94.9% yearly.

## Competitive Advantages
- **Regulatory moat**: Only CFTC-regulated exchange that is simultaneously a Designated Contract Market (DCM), Derivative Clearing Organization (DCO), and Futures Commission Merchant (FCM).
- **Crypto-native settlement**: All derivatives settle in the actual digital asset (not cash) – offers real ownership and tax advantages (blended 60% long‑term / 40% short‑term capital gains treatment).
- **Unified clearing**: Single collateral pool across perpetuals, futures, options, and spot.
- **First‑mover**: First CFTC-regulated perpetual futures and leveraged retail spot market in the US.

## Strategic Focus
- **Product expansion**: Continuing to add new contract types (prediction markets, hashrate futures) and leverage existing regulatory licenses.
- **Post‑acquisition integration**: Leveraging Payward/Kraken’s global liquidity and user base to scale Bitnomial’s regulated products.
- **Institutional adoption**: Attracting traditional financial institutions through CFTC trust and crypto margin capabilities (new OCC guidance supports bank‑affiliated brokerages).

## Why Work Here
- **Culture**: Small, high‑impact team (~26 employees) focused on building regulated crypto infrastructure in Chicago’s historic derivatives hub.
- **Work policy**: Hybrid – flexible combination of remote and on‑site work (typical time on‑site flexible).
- **Tech stack**: Haskell (for trading systems), React, TypeScript, AWS, PostgreSQL, GitHub, Ansible, Terraform.
- **Perks**: Opportunity to shape the next generation of US crypto regulation; backed by top‑tier VCs and now part of the Kraken ecosystem.
- **Mission‑driven**: Work at the intersection of traditional finance (CFTC, risk management) and digital assets.

## Sources
1. [Bitnomial.com](https://bitnomial.com/)
2. [Bitnomial LinkedIn](https://www.linkedin.com/company/bitnomial)
3. [Built In Chicago – Bitnomial](https://www.builtinchicago.org/company/bitnomial)
4. [Bitnomial Jobs](https://jobs.ashbyhq.com/bitnomial)

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