Bitnomial launches first XRP futures in U.S. after SEC drops Ripple case

Crypto derivatives Exchange Bitnomial officially launched its XRP term contract following the latest developments in the Ripple case.

On March 19, 2025, the chief executive officer of Ripple Brad Garlinghouse announcement that the American commission for securities and exchange had abandoned its call in the regulator’s file against Ripple.

Shortly after, Bitnomial said He abandoned his own case against dry.

More than that, the exchange of Crypto derivatives revealed the launch of its XRP (Xrp) Contract in the long term, the product which informed the trial against the Gary Gensler of the time led dry.

With the dry now under a new direction and a pro-Crypto position under President Donald Trump, Bitnomial goes ahead with its deployment of product.

In his announcement, Bitnomial said he had “voluntarily removed” his own prosecution against the regulator. This initial trial came in October 2024, the company prosecute After the SEC claimed the competence on the proposed XRP product.

According to Bitnomial, the XRP term contract will be posted this Thursday, with the approval of the Commodity and Futures Trading Commission.

“Bitnomial launches the very first $ XRP regulated by the CFTC in the United States – physically designed a real impact on the market. In addition, we have voluntarily rejected our case against the dry as regulatory clarity improves,” wrote the exchange in a post X.

According to Bitnomial, current customers can access XRP term contracts from March 20, 2025. Meanwhile, all potential customers will have the opportunity to board one of the merchant partners of the future Crypto derivatives Exchange commission.

FCM partners are entities that help investors buy and sell contracts. For Bitnomial, they include Bitnomial Clearing, a merchant of the Committee of Futures Affiliates of Exchange.

The price of XRP increased sharply after the announcement of the undulation and could continue more optimistic projections.