Global #XRP Futures

XRP has become a focal point of the crypto market this week, experiencing a significant rally and a surge in speculative activity.

XRP has seen a 7% price jump over the past week, reaching above $3 amid a general crypto market rally.

Bloomberg's senior ETF analyst, Eric Balchunas, has clarified his position on a potential XRP exchange-traded fund.

XRP futures on the CME Group have quickly reached a significant milestone, becoming the fastest crypto contract to achieve $1 billion in open interest just three months after its launch.

XRP is making waves in traditional finance circles as new futures contracts launched by CME Group draw strong interest.

Bitnomial, a crypto derivatives exchange company, has announced the upcoming launch of its Botanical platform, a U.S.-regulated perpetual futures trading platform.

In the wake of the SEC's decision to maintain its stance in the Bitnomial case—where the crypto derivatives exchange contested the classification of XRP futures as “security futures”—Ripple CEO Brad Garlinghouse has voiced his frustration.

On October 10, 2024, Bitnomial Exchange LLC took a significant legal step by filing a complaint in the United States District Court for the Northern District of Illinois against the U.S. Securities and Exchange Commission (SEC).