Bitnomial Alternate, a certified contract market (DCM), has formally notified the Commodity Futures Buying and selling Fee (CFTC) of its certification for the launch of XRP US Greenback Futures.
The brand new contracts, often known as XRP US Greenback Futures (XUS), are scheduled to start buying and selling on August 13, 2024.
XUS contracts can be bodily settled and margin-based, reflecting the worth of 100,000 XRP.
Self-certification for the launch of XRP US Greenback Futures signifies that Bitnomial Alternate has notified the Commodity Futures Buying and selling Fee (CFTC) that it has independently reviewed and ensured that new futures contracts adjust to all relevant rules and requirements. This course of permits the trade to supply new merchandise with no need to hunt prior approval from the CFTC.
By doing its personal certification, Bitnomial claims that its XRP US Greenback Futures contracts meet the authorized and regulatory necessities crucial for buying and selling.
*This isn’t funding recommendation.
