Crypto derivatives exchange Bitnomial has officially launched its XRP futures contract following the latest developments in the Ripple case.
Ripple Case Resolution
On March 19, 2025, Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission had dropped its appeal in the regulator’s case against Ripple.
Bitnomial’s Position and New SEC Leadership
Bitnomial has announced the withdrawal of its own case against the SEC, initially filed in October 2024 after the SEC claimed jurisdiction over the proposed XRP futures product. With the SEC now under new leadership and a pro-crypto stance under President Donald Trump, the exchange is moving forward with its product rollout.
XRP Futures Launch
According to Bitnomial, current clients can access the XRP futures contracts beginning March 20, 2025, while all prospective clients will have the opportunity to onboard with the exchange's partners, including Bitnomial Clearing. The XRP price surged sharply following Ripple's announcement.
Bitnomial's launch of XRP futures marks a significant step in the crypto derivatives market, encouraging broader adoption and a shift in regulatory approaches in the industry.
