XRP Just Made History In the United States. Here’s the Latest

Crypto analyst BullRunners has highlighted what he describes as a historic moment for XRP, pointing to Bitnomial’s regulatory filings and approvals that establish the foundation for a fully supervised U.S. trading environment.

The documents shared include the Commodity Futures Trading Commission’s Order of Registration for Bitnomial Clearinghouse LLC as a derivatives clearing organization and the exchange’s formal self-certification to list an XRP-referenced U.S. dollar futures contract. Together, these demonstrate the steps taken to bring XRP into a regulated framework recognized under U.S. derivatives law.

The Order of Registration confirms that Bitnomial met the compliance standards required for clearing operations. The self-certification, dated August 9, 2024, outlines the exchange’s intent to introduce a physically settled XRP futures contract, designated XUS, with an initial trade date no earlier than August 13, 2024. The filing also situates the contract within Bitnomial’s published rulebook and clearing procedures.

Advantages of the Regulated Structure

The filings indicate that XRP will be supported within a market that operates under full CFTC supervision. Bitnomial, as both a registered exchange and clearinghouse, is obligated to meet federal requirements for surveillance, reporting, operational integrity, and ongoing audits. This establishes a transparent and disciplined environment that aligns XRP with protections already applied to traditional U.S. derivatives products.

For XRP, this marks a shift from fragmented or offshore venues into a domain that adheres to established federal standards. The proposed XRP/USD spot structure, functioning within this supervised framework, places the asset under the same regulatory expectations that govern other U.S. financial instruments. It provides a regulated foundation that strengthens market credibility and offers clearer safeguards for participants.

Institutional Relevance and Broader Market Impact

One of the most significant implications of this development is the institutional access it enables. Many banks, hedge funds, and asset managers are restricted from interacting with unregulated platforms due to strict internal compliance rules.

The presence of a regulated XRP market eliminates this constraint, allowing institutions to participate through an exchange that satisfies federal custody, transparency, and operational requirements. This creates a compliant pathway for larger capital pools seeking structured exposure to digital assets.

A regulated spot environment also lays the groundwork for more advanced financial products. Instruments such as options, structured notes, and settlement tools rely on dependable pricing and secure market infrastructure.

Bitnomial already incorporates XRP and RLUSD into its margin systems, indicating the technical readiness to support additional structures as the market evolves. The filings shared by BullRunners show that the core regulatory and operational components for these developments are now in place.