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Bitnomial’s Botanical Platform Debuts With Ripple $25M Support

  • Bitnomial has launched its Botanical platform, offering regulated crypto futures trading with support from a $25 million funding round led by Ripple.
  • Ripple's RLUSD stablecoin will be used for settling perpetual futures on Botanical, enhancing trading stability within a compliant U.S. market.
  • Bitnomial aims to provide a compliant and safe space for trading regular futures, options, and perpetual futures in the U.S. market, unlike decentralized exchanges.
  • Botanical is currently in beta phase and offers early access to selected users, utilizing Bitnomial's CFTC-approved infrastructure for exchange and clearinghouse capabilities.

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