Ripple backs $25m round for crypto platform Bitnomial
Ripple led a $25 million funding round for Bitnomial, a digital assets derivatives exchange and brokerage platform based and regulated in the United States.
Bitnomial announced on Oct. 15 that Ripple, the company behind XRP (XRP), led the funding round. This comes as the platform prepares for a public launch of Botanical, the startup’s perpetual futures trading platform.
According to details in a press release, Botanical is designed to offer users access to perpetual futures, traditional futures, and options trading. The platform remains in closed beta, but its public rollout will provide users with products that comply with U.S. Commodity Futures Trading Commission regulations.
Bitnomial is a CFTC-registered platform operating as a…
