As the crypto world watches with bated breath, Bitnomial has revealed the first CFTC-regulated XRP futures in the United States. The announcement came March 19, 2025, with availability to existing clients starting the very next day. Talk about not wasting time.
These physically settled contracts mark a dramatic shift in XRP’s regulatory landscape. The futures will be delivered in actual XRP crypto upon settlement, unlike cash-settled alternatives in the market. Bitnomial’s move follows their voluntary dismissal of a lawsuit against the SEC originally filed in October 2024. Funny how quickly things change when regulatory clarity improves. The company had previously challenged the SEC’s jurisdiction over XRP futures, a battle that’s now moot.
The SEC’s surrender in the Ripple case proved pivotal. They abandoned their appeal against Judge Torres’ July 2023 ruling that XRP isn’t a security in retail sales. Brad Garlinghouse didn’t hide his satisfaction, calling it a “resounding victory” for Ripple. No kidding.
Markets responded predictably. XRP surged 12% to $2.53, making it the third-largest cryptocurrency by market cap. By March 20, it was trading at $2.45, comfortably above its 50 EMA and near three-week highs. Investors love clarity. The circulating supply metrics directly impacted XRP’s market cap valuation, reflecting its newly established position in the crypto hierarchy.
The regulatory implications are massive. The new administration’s shift in SEC stance has affirmed CFTC jurisdiction over XRP futures. Institutional investors are breathing easier. It’s almost like sensible regulation helps markets function. Who would’ve thought?
XRP ETF prospects have skyrocketed, with approval odds now at 80%. Eleven applications sit pending with the SEC. Garlinghouse expects approvals in the second half of 2025. Bitcoin and Ethereum blazed this trail, and XRP is following.
Industry reaction has been electric. CME Group leaked potential XRP futures plans, and speculation about broader adoption is growing. Enhanced liquidity is expected. Institutional interest in XRP derivatives is climbing. The new futures offering will be available through three futures commission merchant partners, providing multiple avenues for new client onboarding.
New futures. New ETFs. New regulatory landscape. XRP has come a long way from being the SEC’s favorite punching bag. How times change.
