🚀 Ripple Leads $25M Funding for Bitnomial! 🚀

Ripple, the powerhouse behind XRP, has spearheaded a $25 million funding round for Bitnomial, a U.S.-regulated digital assets derivatives exchange. Bitnomial is gearing up for the public launch of Botanical, its perpetual futures trading platform, currently in closed beta.

Key Highlights:

- Botanical to offer perpetual futures, traditional futures, and options trading.

- Fully compliant with U.S. Commodity Futures Trading Commission (CFTC) regulations.

- Bitnomial plans to use Ripple's upcoming stablecoin, RLUSD, for settlements.

Regulatory Buzz:

- Bitnomial sued the SEC over XRP's security status.

- Ripple filed a cross appeal after the SEC's notice of appeal in the Ripple vs. SEC case.

What are your thoughts on Ripple's latest move? Share in the comments! 💬

Read more: Bitnomial receives CFTC nod for derivatives clearing in US