**Bitnomial completes $25 million in financing and launches perpetual futures trading platform Botanical**

Hello everyone! Today we have exciting news to share: Crypto derivatives trading platform Bitnomial announced the completion of a $25 million financing led by Ripple Labs and launched a new perpetual futures trading platform Botanical in the United States, which is currently in closed beta. 🌟

First, let's take a look at this new platform. Botanical will provide investors with a variety of trading methods, including perpetual futures, traditional futures, and options trading. Bitnomial CEO Luke Hoersten said that the platform aims to provide a regulated and innovative trading experience and use Ripple's RLUSD stablecoin to settle perpetual futures. This means that investors will be able to trade in a more secure and efficient environment.

It is worth noting that Bitnomial previously sued the U.S. Securities and Exchange Commission (SEC) to question its regulatory authority over XRP futures. Ultimately, a federal judge rejected the SEC’s claim that XRP is a security, paving the way for Bitnomial to launch XRP USD futures contracts. Bitnomial is currently regulated by the Commodity Futures Trading Commission (CFTC) and self-certified XRP USD futures contracts in August this year after the SEC’s lawsuit against Ripple ended.

This financing and the launch of the new platform are undoubtedly an important boost to the cryptocurrency market. Although the market’s attitude towards cryptocurrencies varies, we can see that more and more institutions and investors are beginning to pay attention to this field and actively participate in it.

For investors, the launch of the Botanical platform means more trading options and higher trading efficiency. And for the entire cryptocurrency market, it is also a positive sign that the market is gradually maturing and attracting more funds and talents.

So, what do you think of Bitnomial’s move? Would you consider trading on the Botanical platform? Welcome to share your thoughts and opinions in the comment section and discuss this exciting topic with us! 😊

In general, Bitnomial’s new platform Botanical has undoubtedly brought new vitality and opportunities to the cryptocurrency market.Whether you are a big fan of cryptocurrency or just starting to learn about this field, you may wish to pay attention to the development of this new platform. Looking forward to seeing everyone’s exciting discussions in the comment section!