The Bitcoin crypto derivatives exchange Bitnomial announced on Tuesday that it has raised $25 million in a funding round led by Ripple Labs and launched a futures trading platform called Botanical in the United States. The platform is currently in closed testing and will provide investors with the means to trade perpetual contracts, traditional futures, and options. In 2020, Bitnomial became one of the few U.S. companies approved by the CFTC to manage a designated contract market. This approval allows Bitnomial to offer Bitcoin futures and options trading. (The Block)

On Tuesday, the Bitcoin futures derivatives exchange Bitnomial announced that it has raised $25 million in a funding round led by Ripple Labs and launched a futures trading platform called Botanical in the United States. The platform is currently in closed testing and will provide investors with the ability to trade perpetual contracts, traditional futures, and options. In 2020, Bitnomial became one of the few U.S. companies approved by the CFTC to operate a designated contract market. This approval allows Bitnomial to offer trading in Bitcoin futures and options. (The Block)

Bitcoin crypto derivatives exchange Bitnomial has secured $25 million in funding led by Ripple Labs.