Luke Hoersten
@LukeHoersten
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Founder & CEO @Bitnomial - building @Botanical for US perps
Chicago, IL
Joined March 2008
First ever US perpetual futures are live for all traders, including retail! 6.6x margin. 8 hour funding rate and no monthly charges. No expiry in a couple years. We are chunking through the early access list so if you haven’t received your invite yet, hold tight.
🚨 The first wave of Botanical Early Access invites just went out. 🚨 Welcome to the future of perpetuals. 🌿 https://t.co/0YyAJ3bdWt
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This is huge: Natively use crypto as margin collateral to trade levered perps, futures, and options in the US! Congrats to the @Bitnomial team for such a momentous achievement!
For first time in U.S. markets, use your digital assets as margin collateral to trade perps, futures, and options. Read ⬇️ https://t.co/IPWSCslGRw
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The Ripple Swell 2025 agenda is live! From stablecoins and payments to regulation and real-world adoption, Swell brings together the conversations shaping the future of finance. Don’t miss your chance to join us in NYC.🗽 Request your invite today → https://t.co/WDIoO2YZPc
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DCMs like @Bitnomial are seeing an unprecedented expansion of capabilities into perpetuals, predictions, and now leverage spot crypto trading. Futures and options are just table stakes now.
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A once-in-a-decade shift: US spot crypto trading is moving under CFTC oversight and into the proven DCM+DCO framework on regulated exchanges like @Bitnomial Exchange.
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Yes, it took a crypto futures exchange 6 years to get registered with the @CFTC. That’s why I launched a crypto sprint. America can’t afford to waste another 6 months let alone 6 years 👀
It took 6 years for @Bitnomial to launch the first US regulated physically delivered Bitcoin futures market. "Those 6 years were basically us submitting an application to the CFTC and building the technology" - @wraith_m We also chat about favorite topic: Bitcoin Fork Futures
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In-kind creation redemption, DCM listing rules: physically delivered futures will connect these disparate spot/equities ecosystems.
The new rule allows an issuer's shares to be listed on an exchange if the underlying commodity to which exposure is given has a contract on a Designated Contract Market for at least 6 months.
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🌊 The second wave of @botanical beta invites just dropped 🌊 If you signed up early ➡️ Check your inbox! If you didn't ➡️ There's still time to join the waitlist! 🌿 https://t.co/0YyAJ3bLM1
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25,000 devs are building in open source crypto right now. The Electric Capital Developer Report site now updates weekly, not yearly. You can now track live dev stats for Bitcoin, Ethereum, Solana, and more. (1/6) ⬇️
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🚨 The first wave of Botanical Early Access invites just went out. 🚨 Welcome to the future of perpetuals. 🌿 https://t.co/0YyAJ3bdWt
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7/ @Bitnomial is building this from the ground up: → US-regulated → Clearinghouse + Exchange → Cross-margined w/ native digital assets and USD The market is about to scale in a way we’ve never seen before.
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6/ This isn’t just another product cycle. It’s the biggest structural innovation in finance since the internet. A convergence of technology and regulation, with US institutions now onboard. Perps are the entry point. Tokenized clearing is the future.
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5/ Perps and tokenized collateral go hand in hand. Perps are an exchange-layer innovation. Tokenized collateral is a clearinghouse-layer innovation. Consolidating liquidity and increasing collateral mobility.
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4/ @Bitnomial isn’t just listing perps. We’re doing what made Binance overtake BitMEX: → Unifying the exchange and clearing stack → Enabling real cross-margining across crypto and traditional markets
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3/ Perpetual futures transformed crypto. Volumes from low trillions to $58.5 trillion in 2024. Apply that same exponential growth to the vast traditional financial industry.
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2/ @Bitnomial just launched the first US-listed perps, launching a new industry. Coinbase has announced they’re entering the space later this year. We're super early. This is the BitMEX/Deribit era for US perps. Back then? No Binance, no OKX, no Bybit.
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1/ People said US perps couldn't be done. We did it. $1.2 QUADRILLION in US commodity futures is colliding with the $58.5 TRILLION global crypto perps market. And for the first time ever, US-listed perpetual futures are here.
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🚨NEW: Acting @CFTC Chair @CarolineDPham says all proposals submitted to the agency in response to its call for public comment on 24/7 derivatives & perpetuals trading have only involved crypto asset products, not traditional commodities. In a speech this week, Pham noted the
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