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<ul> 
 <li>Bitnomial launches XUS contracts with strict position limits, ensuring market integrity.</li> 
 <li>Ripple’s growing influence through partnerships and global initiatives continues to boost XRP adoption.</li> 
</ul> 
Bitnomial Exchange has made a huge stride ahead with the <a href="https://twitter.com/Vet_X0/status/1823421441892868518">launch</a> of XRP US Dollar Futures (XUS) contracts, which are scheduled to start on or after August 13, 2024. 
These contracts are physically settled and margined to 100,000 XRP. The initiative demonstrates Bitnomial’s commitment to growing its capabilities in the fast evolving cryptocurrency market. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Bitnomial to launch a <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> USD Futures – "XUS" ! 
 They notifed the Commodity Futures Trading Commission (CFTC) on this initial listing. 
 Intend to trade after August 13th! <a href="https://t.co/FDwu0WE5D7">pic.twitter.com/FDwu0WE5D7</a> 
 — Vet <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3f4-200d-2620-fe0f.png" alt="🏴‍☠️" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Vet_X0) <a href="https://twitter.com/Vet_X0/status/1823421441892868518?ref_src=twsrc%5Etfw">August 13, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="strong-xrp-ledger-a-cornerstone-of-the-crypto-ecosystem-with-market-safeguards-strong">XRP Ledger: A Cornerstone of the Crypto Ecosystem with Market Safeguards</h2> 
The XRP Ledger, with XRP as its native asset, is a decentralized and open-source blockchain technology meant to facilitate efficient and safe transactions. Currently, there are roughly 60.86 billion XRP in circulation, with a total supply cap of 100 billion. XRP’s significance in the market goes beyond transactions; it also safeguards the ledger from spam. 
In terms of liquidity, <a style="color: #008000;" href="https://www.crypto-news-flash.com/ripple-ctos-deposition-sparks-debate-over-satoshis-alleged-xrp-fortune/">XRP</a> is still one of the most heavily traded digital assets. The XRP-USD pair sees an average monthly trading volume of 85 billion XRP. With this level of activity, XRP has emerged as a vital component of the broader cryptocurrency ecosystem. 
To promote market stability and protect against manipulation, Bitnomial has imposed severe position limitations on XUS contracts, capping positions at 300 million XRP, or the equivalent of 3,000 futures contracts. 
This represents only 0.049% of the entire deliverable supply of XRP, illustrating Bitnomial’s cautious approach to introducing these contracts. 
Furthermore, the exchange has validated that the XUS contracts conform with all applicable legislation, assuring transparency, integrity, and protection for market participants. 
Information about the contracts, such as trading volumes and open interest levels, will be published on the Bitnomial website, increasing the transparency of these offerings. 
Meanwhile, CoinMarketCap data show that XRP’s price has increased by 1.52% over the last 24 hours and by 10% in the last week to $0.6584, adding to the bullish momentum around the coin. 
<div class="cryptoboxes" id="mcw-345586" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="xrp" data-symbol="XRP" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
This optimistic tendency is backed by Ripple’s ongoing legal triumphs, such as the settlement of the litigation against the SEC, which has the potential to resuscitate <a style="color: #008000;" href="https://www.crypto-news-flash.com/moneygrams-adoption-of-xrp-for-faster-payments-ripples-lawsuit-victory-renews-interest-for-the-future-of-their-payment-collaboration/">Ripple’s cooperation with MoneyGram</a>. Ripple’s strategic investments, which include a $30 million holding in MoneyGram, demonstrate the two firms’ interdependence. 
Furthermore, as we previously <a style="color: #008000;" href="https://www.crypto-news-flash.com/xrp-ledger-to-host-new-nfts-as-ripple-partners-with-sbi-holdings-subsidiary-for-strategic-expansion/">reported</a>, Ripple’s collaboration with SBI Digital Community is projected to dramatically increase the use of XRP Ledger for NFTs, accelerating adoption in the Web3 domain. 
This engagement, combined with Ripple’s participation in global efforts such as the World Expo 2025 and its joint debut into the Bitcoin ETF market with Franklin Templeton, demonstrates Ripple’s expanding importance in the crypto industry.

Bitnomial’s New XRP Futures Contracts Aim to Boost Market Confidence

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