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Ripple and Bitnomial Partner to Integrate RLUSD for Settlement of Perpetual Futures

Oct 16, 2024over 1 year ago

Contract Type

partnership

ChicagoInformation Technology

Description

Bitnomial, a U.S.-regulated crypto derivatives exchange company, has announced a strategic partnership with Ripple to integrate RLUSD stablecoin for settling perpetual futures on its upcoming Botanical trading platform. This collaboration aims to introduce stablecoin settlement in a regulated manner, paving the way for a compliant and stable exchange medium for futures transactions.

Company Information

Company

Bitnomial

Location

318 W. ADAMS ST.

Chicago, Illinois, United States

About

Bitnomial was founded in 2014 to create a marketplace connecting native digital asset hedgers with institutional traders. Bitnomial offers improved derivatives exchange technology coupled with new digital asset settlement systems.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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