Latest news with #Bitnomial
Malaysian Reserve
23-04-2025
- Business
- Malaysian Reserve
Bitnomial Exchange Self-Certifies First Ever U.S. Perpetual Futures Contracts
CHICAGO, April 23, 2025 /PRNewswire/ — Bitnomial, Inc., owner of Bitnomial Exchange, LLC—a CFTC-regulated Designated Contract Market (DCM)—today announced the self-certification of the first perpetual futures contracts ever listed on a U.S. exchange. Trading begins Monday, April 28, 2025, with the launch of BTC/USD perpetual futures, available initially to institutional participants. Retail access will follow through the upcoming launch of Botanical, Bitnomial's new trading platform offering perpetual futures, traditional term futures, and options to both institutional and retail users. Additional contracts for XRP/USD, ETH/USD, SOL/USD, and other tokens and physical commodities are planned to follow. 'This is a pivotal moment,' said Luke Hoersten, Founder and CEO of Bitnomial. 'The U.S. is finally positioned to lead in regulated perpetual futures trading. With the launch of perpetuals and the Botanical platform, we're delivering the infrastructure our markets have needed—built from the ground up for both institutional and retail participants. Bitnomial is at the core of a once-in-a-century disruption to the quadrillion-dollar U.S. futures industry. We're not updating the system—we're resetting it.' Bitnomial is the only U.S. exchange company offering physically delivered, non-synthetic exposure to crypto futures, options, and now perpetuals. The company is also preparing to launch perpetual futures settled in Ripple USD (RLUSD), a USD stablecoin—pending any necessary regulatory approvals. RLUSD-settled contracts will bring stablecoin-native margining and settlement directly into the core of regulated U.S. derivatives infrastructure. Backed by leading institutional investors including Jump Capital, Electric Capital, Coinbase Ventures, Franklin Templeton, Ripple Labs, and DV Trading, Bitnomial is building the foundational infrastructure for the next generation of U.S. derivatives markets. 'Bitnomial's perpetual futures are built with eight-hour funding rate intervals, matching the market structure used by offshore venues that dominate crypto derivatives volume,' said Michael Dunn, President of Bitnomial Exchange. 'This structural parity allows traders to integrate Bitnomial seamlessly into their existing trading systems—bringing familiar mechanics to a fully regulated U.S. marketplace.' 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, and Hashrate Futures. Follow Bitnomial at and on X @bitnomialFollow Botanical at and on X @botanical Media Contact:media@
Yahoo
20-03-2025
- Business
- Yahoo
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 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 to learn more. Media Contact:media@ View original content to download multimedia: SOURCE Bitnomial Sign in to access your portfolio
