We're entering the next phase of crypto derivatives. Episode 27 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro and Bitnomial Founder & CEO Luke Hoersten. Luke Hoersten, the founder and CEO of Bitnomial, a derivatives exchange aiming to revolutionize the global commodities trading market with crypto, discusses the technical innovation to collateral management and trading offered by crypto and the future of collateral management in the crypto derivatives market. 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.