Bitnomial Announces the Launch of First Ever CFTC-Regulated XRP Futures in the US and Bitnomial Exchange has Voluntary Dismissed its Lawsuit Against the US SEC.
CHICAGO, March 20, 2025 /PRNewswire/ -- Bitnomial, Inc. ("Bitnomial"), with the only CFTC-regulated exchange, Bitnomial Exchange, LLC, offering physically settled digital asset derivatives, is excited to announce the launch of XRP US Dollar Myra ("XRUY") Futures. This marks the first-ever CFTC-regulated XRP futures product in the United States, providing traders with a compliant, transparent, and capital-efficient way to gain exposure to XRP.
Bitnomial is also pleased to announce that yesterday, Bitnomial Exchange, LLC filed a notice of voluntary dismissal of its case against the U.S. Securities and Exchange Commission ("SEC"). In October 2024, Bitnomial Exchange, LLC filed a lawsuit against the SEC centered on whether Bitnomial's XRP futures are a security futures contract. Bitnomial welcomes the SEC's evolving policies on crypto, which have provided greater clarity on the securities status of XRP. We believe regulatory certainty is essential for fostering innovation and growth in the digital asset space.
Bitnomial's physically settled futures ensure contracts are delivered in actual XRP upon settlement, distinguishing them from cash-settled alternatives that do not have direct interaction with the underlying asset. This structure enhances market integrity and strengthens price discovery by tying derivatives trading directly to XRP's supply and demand dynamics.
"Bitnomial is committed to building regulated market infrastructure that supports real asset ownership in digital asset markets," said Luke Hoersten, CEO of Bitnomial. "Physically settled futures ensure that every contract is backed by actual XRP, reinforcing true price discovery and market integrity. Unlike cash-settled alternatives, which are akin to financial bets, physically delivered contracts drive actual demand for the underlying asset, providing traders with a more transparent and capital-efficient way to engage with XRP. As the first CFTC-regulated XRP futures in the U.S., this product represents a major step in expanding regulated digital asset markets."
"With the addition of XRP futures, institutional and retail traders can now access a broader range of CFTC-regulated crypto derivatives," added Michael Dunn, President of Bitnomial Exchange, LLC. "This further solidifies Bitnomial's position as the leading venue for U.S.-domiciled, fully compliant crypto derivatives trading."
Over the past two weeks, Bitnomial has expanded its offerings to include physically settled futures on Solana, Avalanche, Chainlink, Bitcoin Cash, Litecoin, Ethereum, Polkadot, Hedera, and now XRP.
Current clients can access all Bitnomial Exchange products through their existing FCM connections, and prospective clients can by onboarding with one of Bitnomial's FCM partners.
All Bitnomial futures contracts are offered by, and subject to the rules of, Bitnomial Exchange. LLC. For more information on Bitnomial's XRP futures and how to start trading, visit bitnomial.com and follow us on X @Bitnomial.
About Bitnomial, Inc.
Bitnomial, Inc. is a digital asset derivatives exchange company that owns and operates U.S. CFTC-regulated exchange (DCM), clearinghouse (DCO), and brokerage (FCM) subsidiaries. Bitnomial offers the Bitcoin Complex® comprising physically delivered Bitcoin Futures, Options, Deci Futures, and Hashrate Futures as well as physically delivered XRP, Solana, Avalanche, Chainlink, Bitcoin Cash, Litecoin, Ethereum, Polkadot, Hedera, and now XRP.
Follow @bitnomial on X and LinkedIn, and visit bitnomial.com to learn more.
Media Contact:
media@bitnomial.com
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SOURCE Bitnomial