Derivatives exchange Bitnomial is launching the first regulated futures product for Tezos’s native XTZ token in the U.S. The move is significant given that Tezos was first proposed in 2014, as well as for the size of its 2017 initial coin offering.
“U.S.-regulated futures are the backbone of commodity markets,” Tezos co-founder Arthur Breitman said. “Their arrival for tez (XTZ) reflects the growing maturity of Tezos and enables mature price discovery and risk transfer, supporting broader institutional participation.”
Mainneted in 2018, Tezos is often called a “self-upgrading” blockchain due to its unique governance system that can deliver updates without hardforks. It was also an early experimenter with proof-of-stake consensus.
The project raised about 66,000 BTC and 361,000 ETH in its 2017 crowdsale, worth $232 million at the time, making it one of the largest ICOs on record.
XTZ has traded below the $1 level for over a year. The token hit an all-time high of $9.12 during the pandemic-era bull market and currently has a market capitalization of about $514 million, according to The Block’s price page.
Chicago-based Bitnomial, founded in 2014, was the first U.S.-regulated spot and derivatives exchange and clearinghouse for digital assets. It is often the first U.S. exchange to offer many crypto products, including the first regulated XRP futures and first physical Solana futures, and more recently, an Aptos futures product.
The exchange plans to launch XTZ perpetual futures and options, and noted its standard futures are live for institutional traders on Wednesday and for retail traders through Botanical, its retail trading platform.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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