Bitnomial launched its Botanical platform, offering regulated crypto futures trading with support from a $25 million funding round led by Ripple.
Ripple’s RLUSD stablecoin will be used for settling perpetual futures on Botanical, enhancing trading stability within a compliant U.S. market.
Bitnomial, a US-regulated crypto derivatives exchange, has lately made great progress in expanding its capabilities with the debut of Botanical, a new trading platform.
Supported by a $25 million investment round run by Ripple Labs, Bitnomial seeks to offer a compliant and safe space for trading regular futures, options, and perpetual futures.
Botanical provides a controlled alternative that conforms with the Commodity Futures Trading Commission (CFTC) criteria, unlike decentralized exchanges (DEXs) that may demand customers to rely on VPNs for trading from the United States.
BREAKING:
Bitnomial Announces the Launch of CFTC Regulated Bitnomial Exchange with $25 Million funded from Ripple! #XRP
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