#95 of 115 in the US ranking · Derivatives

Bitnomial Review (October 2026): Fees, US States and Licenses

Best for: US-regulated perpetual futures

4.8/10

US access 20%9.0
Regulation 20%1.5
Security record 15%6.0
Cost 15%5.0
Range 10%5.0
Popularity 15%1.0
Data quality 5%7.0

By Vahe Hakobyan Verified October 5, 2026 Medium confidence No affiliate links

Taker fee— Not verified
US states— Not verified
New York— Not verified
Coins— Not verified
CustodyCustodial
App Store— Not verified

Our verdict

Bitnomial is a Chicago-based, CFTC-regulated exchange, clearinghouse and futures broker that lists perpetual futures, crypto-settled futures and options, leveraged spot and prediction markets. US residents can trade through its Botanical platform after verification with its FCM, or through partner brokers. Payward, the parent of Kraken, completed its acquisition of Bitnomial on May 1, 2026. Exchange fees are $0.10 per contract side for non-participants.

Pros

Holds CFTC exchange, clearinghouse and futures broker registrations
Lists perpetual futures open to US residents
Accepts digital assets as margin collateral

Cons

No state-by-state availability list is published
Leveraged products can lose more than the initial deposit
Retail broker commissions are not listed on its fee page

Bitnomial fees

Maker / taker: — Not verified
Simple buy: — Not verified
Volume tiers: Exchange fee $0.10 per side per contract for non-participants ($0.07 participants); Spot Complex 2 bps per side; clearing/FCM fees may apply
ACH deposit: — Not verified
Wire deposit: — Not verified
Card purchase: — Not verified
USD withdrawal: — Not verified
Crypto withdrawal: — Not verified
Minimum deposit: — Not verified

Is Bitnomial available in my state?

Bitnomial says it is open to US residents; futures trading requires verification with its FCM, Bitnomial Clearing, LLC. Payward (Kraken's parent) completed its acquisition of Bitnomial on May 1, 2026.

The list of states this platform serves is not verified yet.

No state-by-state availability list was found on Bitnomial's site.

New York: — Not verified
ID check (KYC): Yes
Withdraw crypto: — Not verified
Funding: Crypto, USD transfer

Is Bitnomial regulated?

CFTC

US operator: Bitnomial Exchange, LLC (DCM); Bitnomial Clearinghouse, LLC (DCO); Bitnomial Clearing, LLC (FCM)
Parent company: Payward (parent company of Kraken); acquisition completed May 1, 2026
State licenses: — Not verified
New York license: — Not verified
CFTC / NFA: DCM (Bitnomial Exchange, LLC, designated 2020); DCO (Bitnomial Clearinghouse, LLC, registered 2023); FCM and NFA member (Bitnomial Clearing, LLC, 2022)
Other: Owned by Payward, the parent company of Kraken, since May 2026; Payward says Bitnomial keeps its existing licenses and regulatory structure
Founded: 2014
Headquarters: Chicago, IL, USA

How secure is Bitnomial?

Proof of reserves: — Not verified
Audits: — Not verified
Insurance: — Not verified

Incidents since 2019

None found in the sources checked.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Bitnomial

Spot
Advanced trading
Futures
Perpetuals
Options
Margin
Prediction markets

Leveraged spot (up to 6x per Bitnomial), perpetuals, futures, options and prediction markets on one CFTC-regulated exchange. Futures and options are crypto-margined and crypto-settled. Retail trading runs on the Botanical platform; futures accounts are held at Bitnomial Clearing, LLC.

Apps: Web
Support: Email, Help center

Bitnomial FAQ

Is Bitnomial regulated in the US?

US customers are served by Bitnomial Exchange, LLC (DCM); Bitnomial Clearinghouse, LLC (DCO); Bitnomial Clearing, LLC (FCM). Registrations and licenses on record: CFTC.

Does Bitnomial require ID verification?

Yes. Bitnomial verifies your identity before you can trade.

Alternatives to Bitnomial

Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.