XRP News: Bitnomial Launches First CFTC-Regulated XRP Futures

In a significant development for the cryptocurrency market, Bitnomial has successfully launched the first CFTC-regulated XRP futures contracts. This move comes after the company resolved its lawsuit with the SEC, opening up new avenues for traders to bet on and hedge against the future performance of XRP.

Bitnomial Launches CFTC-Regulated XRP Futures

Bitnomial has ended its lawsuit with the SEC and launched the first CFTC-regulated XRP futures. Prospective clients can access the product through Bitnomial’s Futures Commission Merchants (FCM) partners, including RJ O’Brien, Marex Global, or Bitnomial Clearing. XRP futures contracts allow traders to bet on the asset’s future price movements and hedge against its future performance. This is the first time a CFTC-regulated exchange lists contracts for the token.

XRP Outlook Strengthening as Ripple Lawsuit Ends

XRP’s network activity is hitting record levels, with active addresses soaring. Following the SEC’s decision to drop its lawsuit against Ripple, traders are digesting this legal victory and positive market signals. The DMI chart for XRP reveals a notable shift in momentum, with its ADX rising from 15.64 to 20.4, signaling a strengthening market trend. This increase suggests that the price action is gaining conviction, especially as the market digests the positive legal developments surrounding Ripple.

Bitnomial Launches US XRP Futures Following SEC Lawsuit Dismissal

Crypto futures exchange Bitnomial has unveiled the launch of its US XRP futures, which will be available for clients starting Thursday. The announcement follows the dismissal of a lawsuit between Bitnomial and the Securities and Exchange Commission (SEC) after the agency ended its case with Ripple. The new XRP futures products are regulated by the Commodities Futures Trading Commission (CFTC).

Ripple: AI Predicts XRP’s Price Post The Bullish SEC Verdict

Ripple (XRP) has seen its metrics steadily rise due to peaking interest and popularity. The US SEC has dropped its case against Ripple, causing the token to peak and soar. The landmark decision has positively impacted the price of XRP, which is now up 7% in the last 24 hours. As soon as the announcement came in, XRP noted a sharp 10% spike before stabilizing around $2.46. Ripple’s CEO, Brad Garlinghouse, commented on the landmark victory.