Bitnomial First U.S. Clearinghouse to Accept Stablecoins as Margin
A recent development involving XRP and RLUSD has been highlighted as significant by a crypto analyst on X. Bitnomial, a U.S.-regulated derivatives exchange, now includes stablecoins and digital assets in its margin program, marking a key milestone for XRP and RLUSD.
- Bitnomial is the first U.S. clearinghouse to accept stablecoins as margin collateral, potentially increasing utility for XRP and RLUSD.
- The initiative allows institutional clients to use these assets for margin deposits in trading leveraged futures, options, and perpetual contracts.
- Retail access via Bitnomial's platform, Botanical, is expected soon, indicating broader market inclusion.
- This move suggests stronger integration of Ripple’s digital assets in regulated markets, enhancing liquidity and market activity.
Xaif Crypto indicates that this could lead to increased recognition and usage of XRP beyond payments, potentially influencing its price positively. Currently, XRP trades around $2.24, with growing expectations for further alignment between its practical application and market performance.
