Luke Hoersten is the founder and CEO of Bitnomial — a derivatives exchange that aims to replace the underlying rails of the global commodities trading market with crypto.

Bitnomial has obtained regulatory approval for an exchange license, a clearinghouse license and a brokerage license, making them the first business to have all three licenses under one roof.

In this episode, Hoersten discusses the technical innovation to collateral management and trading offered by crypto and the future of collateral management in the crypto derivatives market.

OUTLINE

00:00 Introduction

04:36 Bitnomial's Licenses

05:48 Bitnomial's Product Suite

07:46 Competition

12:09 Phases of Crypto Collateral

19:01 CME Marketshare

21:07 Importance of Derivatives

24:55 Future of Crypto Derivitives

32:18 Onshore vs. Offshore Derivatives

35:09 TradFi Perps

37:37 Closing Thoughts

We’re entering the next phase of crypto derivatives