Golden Finance reported that crypto derivatives exchange Bitnomial announced the completion of a $25 million financing led by Ripple Labs and launched the perpetual futures trading platform Botanical, which is currently in the closed beta stage. The platform will provide investors with trading methods for perpetual futures, traditional futures and options. Bitnomial CEO Luke Hoersten said that the platform aims to provide a regulated and innovative trading experience and use Ripple's RLUSD stablecoin to settle perpetual futures.