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Ripple Invests $25M in Bitnomial’s Platform to Build Regulated Derivatives Market for Digital Assets Like XRP

Ripple Invests M in Bitnomial’s Platform to Build Regulated Derivatives Market for Digital Assets Like XRPCrypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s approach to bringing offshore trading models into the U.S. derivatives industry presents a significant market opportunity, […]

DeFi fragmentation can only be solved at the account level

Ripple CEO Slams SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal Authority

Ripple CEO Slams SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal AuthorityRipple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the SEC, disputing the regulator’s authority over XRP futures. The case adds to […]

DeFi fragmentation can only be solved at the account level

SEC’s Authority Over XRP Futures Challenged in Bitnomial Lawsuit

SEC’s Authority Over XRP Futures Challenged in Bitnomial LawsuitCrypto derivatives exchange Bitnomial is suing the U.S. Securities and Exchange Commission (SEC) over its authority to regulate XRP futures, challenging the classification of XRP as a security. The exchange, overseen by the Commodity Futures Trading Commission (CFTC), contests the SEC’s claim that XRP futures are “security futures” and aims to set a precedent affecting […]

DeFi fragmentation can only be solved at the account level

Luxor and Bitnomial launch Bitcoin mining derivatives product

The new crypto derivatives product allows investors to speculate on future hashrates and hashprices.

Bitcoin (BTC) mining firm Luxor Technology Corporation and Bitnomial Inc. have launched a Bitcoin mining derivative product on Bitnomial’s United States derivatives exchange. 

On May 28, Bitnomial announced the launch of Hashrate Futures, a derivative futures contract for trading the computing power of the Bitcoin blockchain.

Bitnomial claimed the product, trading under the ticker HUP, offers a way for miners to hedge their revenue and for investors to gain exposure to the Bitcoin mining hash rate.

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DeFi fragmentation can only be solved at the account level

Luxor and Bitnomial Roll out Hashrate Futures for US Market Ahead of Bitcoin Halving

Luxor and Bitnomial Roll out Hashrate Futures for US Market Ahead of Bitcoin HalvingLuxor Technology Corporation, a blockchain infrastructure service provider, has unveiled plans to introduce exchange-traded hashrate futures for institutional investors in the U.S. Through a collaboration with derivatives exchange Bitnomial, this new futures product is slated to be accessible on the trading platform by the end of this month. Luxor and Bitnomial’s Partnership Introduces Exchange-Traded Hashrate […]

DeFi fragmentation can only be solved at the account level