Bitnomial Launches XRP Futures Contract

Crypto derivatives exchange Bitnomial has officially launched its XRP futures contract following significant developments in the Ripple case.

On March 19, 2025, Ripple chief executive officer Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) had dropped its appeal concerning the case against Ripple.

Shortly after, Bitnomial announced it was dropping its own case against the SEC.

Moreover, the exchange revealed the launch of its XRP futures contract, which had been central to the lawsuit against the SEC under then-chairman Gary Gensler.

With the SEC now under new leadership, and adopting a pro-crypto stance under President Donald Trump, Bitnomial is proceeding with its product rollout.

CFTC Approval and Product Details

In its announcement, Bitnomial stated it had “voluntarily withdrawn” its lawsuit against the regulator. This initial lawsuit was filed in October 2024 after the SEC claimed jurisdiction over the proposed XRP futures product.

According to Bitnomial, the XRP futures contract will launch this Thursday, with approval from the Commodity and Futures Trading Commission (CFTC).

> “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 stated in a post.

Current clients can access the XRP futures contracts starting March 20, 2025. All prospective clients can onboard with Bitnomial’s futures commission merchant (FCM) partners, which include Bitnomial Clearing.

XRP’s price saw a significant surge following the Ripple announcement and might continue to rise amid bullish projections.