Ah, mesdames et messieurs! Gather ’round, for a tale of crypto intrigue unfolds! The illustrious Bitnomial, a veritable exchange of derivatives, has unveiled its XRP futures contract, all thanks to the latest twist in the Ripple saga! 🎭
On the fateful day of March 19, 2025, our gallant Ripple CEO, the noble Brad Garlinghouse, proclaimed that the U.S. Securities and Exchange Commission, in a fit of benevolence, had decided to drop its appeal against Ripple. What a turn of events! One might think the SEC had finally found its sense of humor! 😂
In a delightful twist, Bitnomial, not to be outdone, declared it would also drop its own case against the SEC. Oh, the irony! It seems they’ve decided that fighting with the regulators is less fun than launching futures contracts! 🎉
But wait, there’s more! The crypto exchange has revealed the launch of its XRP futures contract, a product that was once the very subject of a lawsuit against the SEC, led by the ever-controversial Gary Gensler. One can only imagine the conversations at the SEC’s tea parties! ☕️
With the SEC now under new management and a newfound affection for all things crypto, courtesy of President Donald Trump, Bitnomial is striding boldly into the future. Who knew that regulatory clarity could be so… enlightening? 🌟
In their grand announcement, Bitnomial declared they had “voluntarily withdrawn” their lawsuit against the SEC, which had been filed in October 2024. A lawsuit over jurisdiction, no less! It seems the SEC has finally decided to play nice. How charming! 😏
Mark your calendars, dear friends! The XRP futures contract shall go live this Thursday, with the blessing of the Commodity and Futures Trading Commission. A true spectacle of regulatory approval! 🎊
“Bitnomial is launching the first-ever CFTC-regulated $XRP futures in the U.S. — physically settled for real market impact. Plus, we’ve voluntarily dismissed our case against the SEC as regulatory clarity improves,” the exchange proclaimed in a post on X. Oh, the drama! 📜
According to the wise sages at Bitnomial, current clients may access these futures contracts starting March 20, 2025. And for those who wish to join this merry band of traders, fear not! There are opportunities aplenty with their futures commission merchant partners. 🎩
These FCM partners, those gallant entities, assist investors in the noble art of buying and selling futures contracts. Among them is Bitnomial Clearing, a partner in this grand adventure. How delightful! 🥳
And lo! The price of XRP has soared like a phoenix after the Ripple announcement, with predictions of even greater heights to come. Will the crypto gods smile upon us? Only time will tell! ⏳
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2025-03-19 20:20