Bitnomial has launched XRP/USD futures, the first in the US regulated by the Commodity Futures Trading Commission (CFTC), offering a new level of security and transparency for investors.
Launch of First XRP Futures in the US
Bitnomial has become the first exchange in the US to launch CFTC-regulated XRP futures, offering physical delivery of tokens. New and existing clients can access products through Bitnomial's partners, including R.J. O’Brien and Marex Capital Markets.
Impact on Crypto Investors
The launch of these futures represents a significant step in expanding regulated digital asset markets. They are physically settled, which sets them apart from cash-settled options. Bitnomial has added futures on Bitcoin Cash, Litecoin, Ethereum, and other assets to its portfolio.
Ripple and SEC Regulation
Bitnomial was involved in legal disputes with the SEC, who claimed XRP futures were securities. After getting approval from the CFTC, the lawsuit was withdrawn. Ripple CEO Brad Garlinghouse noted that this is an important event for the crypto industry.
The launch of Bitnomial's first regulated XRP futures opens new opportunities for investors and strengthens the company's position in regulated crypto derivatives trading in the US.
