PANews reported on March 21 that, according to PR Newswire, the cryptocurrency derivatives exchange Bitnomial has announced the launch of the XRP US Dollar Myra (XRUY) futures, which is the first CFTC-regulated XRP futures product in the US. Bitnomial's physically-settled futures ensure that the contract is delivered in actual XRP upon settlement, unlike cash-settled alternatives that do not directly interact with the underlying asset.

Additionally, Bitnomial announced that yesterday, Bitnomial Exchange, LLC filed a voluntary dismissal notice with the US Securities and Exchange Commission (SEC). In October 2024, Bitnomial Exchange, LLC had filed a lawsuit with the SEC, focusing on whether Bitnomial's XRP futures are considered security futures contracts. Bitnomial welcomes the SEC's evolving cryptocurrency policies, which provide greater clarity on the security status of XRP.