Bitnomial Exchange To Launch XRP Futures Contracts
- WBOYOriginal
- 2024-08-14 12:34:21465browse
XRP is once again in the spotlight as a major exchange announces plans to launch the crypto's futures contracts, marking a significant development
Major crypto exchange Bitnomial Exchange is set to launch XRP futures contracts today, a significant development that could pave the way for an ETF launch for the crypto.
The exchange recently self-certified with the Commodity Futures Trading Commission (CFTC) to list USD futures for XRP, and according to the filing, trading is expected to commence today. Notably, the exchange is planning to launch futures contracts for several other prominent cryptos as well.
This development comes amid increasing speculation about a potential XRP ETF launch, especially as regulatory clarity around the crypto continues to solidify. In fact, several applications for XRP ETFs have already been filed with the Securities and Exchange Commission (SEC).
However, it's important to note that the SEC has yet to approve any crypto ETF applications, and it remains unclear when or if an XRP ETF could be launched. Despite this, today's launch of XRP futures contracts is certainly a positive step forward for the crypto.
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