Bitnomial has launched the first CFTC-regulated XRP futures in the U.S., enhancing market integrity and price discovery. The company also dismissed its SEC lawsuit regarding the classification of XRP futures, signaling a positive regulatory shift. Additionally, Bitnomial has expanded its futures offerings to include several leading cryptocurrencies, further solidifying its market position.

Bitnomial has successfully launched the inaugural regulated XRP futures in the United States, a significant breakthrough for the cryptocurrency market. These futures, which are compliant and physically settled, aim to enhance market integrity and improve price discovery for XRP. This new product will allow traders to engage in transparent trading, directly linked to the actual dynamics of XRP supply and demand.

The announcement, made on March 20, indicates that these XRP US Dollar Myra (XRUY) Futures represent the first U.S. Commodity Futures Trading Commission (CFTC) regulated futures contract for XRP. This initiative offers a compliant and efficient trading mechanism, allowing market participants to gain exposure to the cryptocurrency legally and transparently.

In conjunction with this launch, Bitnomial voluntarily dismissed its lawsuit against the U.S. Securities and Exchange Commission (SEC), originally filed in October 2024. The lawsuit raised concerns about the classification of XRP futures as security futures contracts. With the SEC’s evolving regulatory clarity on cryptocurrency assets, Bitnomial noted that this change signals a positive direction for innovation in the digital asset landscape.

Bitnomial has expanded its offerings beyond XRP, introducing a range of physically settled futures contracts on leading digital assets, including Solana, Avalanche, Chainlink, Bitcoin Cash, Litecoin, Ethereum, Polkadot, and Hedera. This expansion underscores Bitnomial’s commitment to ensuring that all contracts are delivered in the actual cryptocurrency upon settlement, enhancing compliance and market clarity.

Corporate leaders emphasized the advantages of these structured contracts. CEO Luke Hoersten noted that such contracts enhance overall market integrity and price discovery by reflecting XRP’s real-world supply and demand dynamics. Additionally, President Michael Dunn stated that the launch of XRP futures solidifies Bitnomial’s position as a frontrunner in the regulated cryptocurrency derivatives market, aligning with recent developments such as the SEC’s withdrawal of its appeal in Ripple’s lawsuit.

The launch of the first regulated XRP futures by Bitnomial marks a notable development in the cryptocurrency sphere, enhancing trading integrity and market transparency. With its dismissal of the lawsuit against the SEC, Bitnomial is poised to leverage greater regulatory clarity while expanding its offerings of physically settled futures across various digital currencies, reinforcing its leadership in regulated crypto derivatives trading.

Original Source: news.bitcoin.com

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