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.