Bitnomial Accepts RLUSD and XRP as Margin Collateral for Derivatives
- Bitnomial is the first U.S. derivatives clearing organization to accept stablecoins as margin collateral.
- The exchange announced support for RLUSD at $1.0004 and XRP margin deposits.
- This follows Bitnomial’s September launch of crypto margin deposits, making it unique among U.S. regulated exchanges.
- Institutional traders can now use stablecoins and XRP for leveraged perpetuals, futures, and options on the platform.
- Retail users will access similar features through Botanical, Bitnomial’s trading platform.
The addition of RLUSD and XRP aims to enhance capital efficiency for crypto-native funds and institutional traders while ensuring compliance with U.S. regulations.
With the introduction of these assets, Bitnomial continues to expand its offerings in the derivatives market, allowing users greater flexibility in their trading strategies.(Source)
