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Bitnomial Launches XRP Futures Contract, Drops Lawsuit Against SEC

Bitnomial Launches XRP Futures Contract, Drops SEC Lawsuit

Crypto Options and Futures Exchange Bitnomial has announced the launch of the XRP futures contract, a product it has placed on its radar since at least October 2024. The exchange noted that the push for this product comes amid the improving regulatory clarity with the US Securities and Exchange Commission (SEC).

The Bitnomial XRP Futures Contract

As the Options exchange noted on X, this XRP Futures contract will be the first-ever CFTC-regulated offering in the United States. Bitnomial said its current clients will have access to the XRP Futures product from March 20, 2025. 

As it revealed, prospective clients can onboard with one of its three FCM Partners. These include R.J. O’Brien and Associates, Marex Capital Markets, Inc., and Bitnomial Clearing LLC. Bitnomial made this move shortly after the US SEC ended its Ripple lawsuit appeal.

This is a developing story, please check back for updates!!!

The post Bitnomial Launches XRP Futures Contract, Drops Lawsuit Against SEC appeared first on CoinGape.

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