Bitnomial has announced that it will launch an XRP futures contract tomorrow (20), the first in the US (United States of America). The announcement comes after the SEC reportedly dropped its landmark lawsuit against Ripple today.

The company has also withdrawn its own lawsuit against the Commission regarding the regulatory status of this offering. An XRP futures contract could help lay the critical groundwork for the approval of a spot ETF.

XRP Futures Contract for US Institutional Traders

Since the SEC dropped the lawsuit against Ripple this morning (19), the price of XRP has responded very positively. This landmark case has had many implications for the entire crypto industry and will naturally have a ripple effect on other topics.

One example of this is that Bitnomial later announced that it will launch an XRP futures contract tomorrow.

Bitnomial is launching the first CFTC-regulated XRP futures contract in the US — with physical settlement for real market impact. Additionally, we have voluntarily withdrawn our lawsuit against the SEC as regulatory clarity improves. Current clients will have access to XRP futures on March 20, 2025. Prospective clients can register with one of our FCM partners, the company said.

XRP futures are standardized derivative contracts that allow traders to speculate or hedge against future price movements of the physically settled altcoin. They promote market maturity by increasing liquidity, improving price discovery and providing a regulated avenue for risk management.

Bitnomial attempted to launch an XRP futures contract in 2024, but the SEC blocked the effort. The Commission argued that such futures contracts would qualify as securities, and the company sued the agency to defend its position.

Now, the company is withdrawing its lawsuit and will launch these contracts through Botanical, a CFTC-regulated exchange. No SEC involvement is required.

Crypto derivatives exchange Bitnomial plans to drop its own lawsuit against Wall Street’s top regulator after suing the agency in October over its claim that it had jurisdiction over the company’s planned XRP futures contract, Eleanor Terrett wrote.

In other words, this looks like a huge win for the XRP community. The SEC recently signaled that it may allow the CFTC to regulate more crypto products, and it looks like that’s starting to happen.

If the SEC continues to pass along crypto-related financial products to its sister Commission, this could be a very positive trend.

XRP Nears ETF With New US Futures Contract

It is worth noting that the futures contract can also help the chances of approval of an XRP ETF. The SEC has recently delayed several requests to create one, and its status is in limbo.

However, this will be the first XRP futures contract in the US after months of delays. Solana fans are hoping that its own futures contract will improve the chances of an ETF, as happened with BTC and ETH.

Ripple CEO Brad Garlinghouse recently spoke in an interview about the SEC case and a few other topics. He explicitly confirmed that the company failed to overturn a previous ruling against it, as it tried to do. He said that Ripple may continue to fight for the right to sell XRP to institutional investors, but he is not sure.

Garlinghouse is confident, however, that an XRP ETF will happen soon. He did not comment on Bitnomial’s futures contract, but cited other factors.

“I have immense confidence in the ETF. I think there are 11 different applications pending with the SEC to launch ETFs. I believe they will be live in the second half of this year,” Garlinghouse said.

In other words, things are looking good for Ripple supporters overall. The SEC lawsuit is over, and Bitnomial’s new XRP futures contract could help pave the way for an ETF.

The post Bitnomial to Launch First Regulated XRP Futures appeared first on BeInCrypto.