Important Development For XRP: It Will Start Trading On Monday
A major development for Ripple (XRP) will start trading on Monday, August 13. Here are all the details.
Bitnomial Exchange, an authorized contract marketplace (DCM), has officially notified the Commodity Futures Trading Commission (CFTC) of its certification for the launch of XRP US Dollar Futures.
The new contracts, known as XRP US Dollar Futures (XUS), are scheduled to begin trading on August 13, 2024.
XUS contracts will be physically settled and margin-based, reflecting the price of 100,000 XRP.
Self-certification for the launch of XRP US Dollar Futures means that Bitnomial Exchange has notified the Commodity Futures Trading Commission (CFTC) that it has independently reviewed and ensured that new futures contracts comply with all applicable regulations and standards. This process allows the exchange to offer new products without needing to seek prior approval from the CFTC.
By doing its own certification, Bitnomial claims that its XRP US Dollar Futures contracts meet the legal and regulatory requirements necessary for trading.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Core Scientific Nets $580M in Q1 Despite Revenue Miss, Eyes AI and HPC Future
Nasdaq-listed Bitcoin miner Core Scientific Inc. has reported a net income of $580 million for the first quarter of 2025, more than double the $210 million recorded during the same period last year. However, the firm fell short of analyst expectations for revenue, signalling the growing impact of industry shifts and operational transformation.
Federal Reserve’s Tight Policy Affects Bitcoin Growth
[Initial Listing] Bitget Will List Doodles (DOOD). Come and grab a share of 7,250,000 DOOD !
SEC Settles Lawsuit with Ripple and Executives
Trending news
MoreCrypto prices
More
