Bitnomial Launches XRP Futures Amid Ripple legal Victory
Bitnomial, a crypto derivatives exchange, has introduced its XRP futures contract. This move follows the U.S. Securities and Exchange Commission’s (SEC) decision to drop its appeal in the Ripple case. On March 19,2025,Ripple CEO Brad Garlinghouse made the announcement.
Bitnomial also withdrew its lawsuit against the SEC. The exchange had sued the regulator in October 2024 over the SEC’s claim of jurisdiction on the proposed XRP futures product. Now,with a pro-crypto SEC under President Donald Trump,Bitnomial is proceeding with its product launch.
The XRP futures contract will go live on March 20, 2025, with CFTC approval. Bitnomial stated, “We’re launching the first-ever CFTC-regulated XRP futures in the U.S., physically settled for real market impact.”
Existing Bitnomial clients can access the XRP futures contracts immediately. New clients can onboard through Bitnomial’s futures commission merchant partners, like Bitnomial Clearing.
FCM partners assist investors in buying and selling futures contracts. the XRP price surged after Ripple’s announcement and may continue to rise with bullish forecasts.
