The crypto derivatives platform Bitnomial has officially rolled out its XRP futures contract, a development coinciding with significant updates in the Ripple case.
On March 19, 2025, Brad Garlinghouse, the CEO of Ripple, announced that the U.S. Securities and Exchange Commission had withdrawn its appeal regarding its case against Ripple.
Following this news, Bitnomial announced it was also discontinuing its own legal action against the SEC.
In addition, the crypto derivatives exchange unveiled its XRP futures contract, a product that played a central role in the lawsuit against the SEC under then-chairman Gary Gensler.
With the SEC now under new leadership and adopting a more pro-crypto stance under President Donald Trump, Bitnomial is pushing ahead with its product launch.
In its announcement, Bitnomial expressed that it had “voluntarily withdrawn” its own lawsuit against the SEC, which had been initiated in October 2024 after the regulatory body claimed authority over the proposed XRP futures offering.
Bitnomial stated that the XRP futures contract will become available this Thursday, having received the necessary approval from the Commodity Futures Trading Commission.
“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 shared in a post on X.
According to Bitnomial, existing clients will be able to access the XRP futures contracts starting March 20, 2025. At the same time, potential new clients can onboard with one of the futures commission merchant partners affiliated with the crypto derivatives platform.
These FCM partners help facilitate the buying and selling of futures contracts for investors, including Bitnomial Clearing, which is associated with the exchange.
Following the announcement from Ripple, XRP’s price saw a notable increase and may continue to rise based on optimistic projections.