Digital asset exchange Bitnomial has announced the launch of XRP futures contracts under CFTC supervision, marking the first CFTC approval for XRP futures.
Launch of XRP Futures
Bitnomial received approval to launch XRP futures from the Commodity Futures Trading Commission, marking a notable step for regulated crypto derivatives in the US.
Ending SEC Dispute
Binomial confirmed the withdrawal of its lawsuit against the SEC after the agency ended its appeal against Ripple. The company had previously accused the SEC of overstepping its authority.
Growing Optimism for XRP ETF
Bitnomial's product launch has boosted optimism regarding a potential XRP ETF. Analysts have raised the approval odds to 80% following Ripple's legal case conclusion.
The CFTC's approval of XRP futures indicates a shift in digital asset classification and regulation in the US, potentially guiding other firms toward regulated approaches in crypto derivatives.
