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Ripple and Bitnomial Partner to Integrate RLUSD for Settlement of Perpetual Futures
Oct 16, 2024•over 1 year ago
Contract Type
partnership
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.
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Agreement Insights
Based on industry dataStrategic 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