Bitnomial, a Chicago-based crypto exchange, has ceased its lawsuit against the SEC and announced the launch of the first CFTC-regulated XRP futures in the U.S.
Bitnomial Introduces First U.S. XRP Futures
Bitnomial has launched the first CFTC-regulated XRP futures in the U.S., following the resolution of its dispute with the SEC. Bitnomial President Michael Dunn highlighted the significance of this milestone for the cryptocurrency industry.
XRP Market Liquidity Boost
The introduction of XRP futures is expected to boost market liquidity and attract institutional investment, contributing to a positive sentiment across cryptocurrency markets. Experts predict a significant boost in XRP's credibility and trading volumes.
Ripple's Legal Win and Its Impact
Ripple's legal triumph echoes past favorable regulatory decisions for cryptocurrencies, like Bitcoin and Ethereum's designation as commodities. This outcome is expected to facilitate future XRP ETF approvals, as Ripple CEO Brad Garlinghouse sees a bright future ahead.
The launch of XRP futures by Bitnomial may significantly increase market interest, supported by positive legal and regulatory changes strengthening XRP's position.
