Binance News: Bitnomial Launches First CFTC-Regulated XRP Futures Following SEC Lawsuit Dismissal

In a significant development for the cryptocurrency market, Bitnomial has announced the launch of the first-ever Commodity Futures Trading Commission (CFTC)-regulated XRP futures in the United States. This comes after the Chicago-based crypto exchange voluntarily dismissed a lawsuit against the Securities and Exchange Commission (SEC). Here’s a closer look at this groundbreaking move.

Bitnomial to Launch First CFTC-Regulated XRP Futures Following SEC Lawsuit Dismissal

Crypto exchange Bitnomial is set to launch the first-ever Commodity Futures Trading Commission (CFTC)-regulated XRP futures in the United States today, following its decision to voluntarily dismiss a lawsuit against the Securities and Exchange Commission (SEC). The Chicago-based firm announced that the physically settled XRP futures will be available to current users starting March 20, marking a significant milestone for cryptocurrency derivatives in the U.S. market. ’Regulatory clarity has improved,’ Bitnomial stated in its announcement, explaining the rationale behind dropping its legal action against the SEC, which had previously blocked the exchange’s attempts to list XRP futures.

Binance Adds New EUR Market Tier to Fiat Liquidity Provider Program

Binance has updated its fiat trading market maker program by introducing a second tier to its EUR markets. The new tier will require users to meet a weekly maker volume percentage of 1%, while the existing tier will require 0.5%. This change will be effective from March 24, 2025 at 00:00 UTC. The maker volume percentage is calculated based on a user’s weekly trading volume of maker orders in a specific fiat market compared to the total maker trading volume in that market across the platform.