Following the SEC’s voluntary withdrawal of its lawsuit against Ripple, Bitnomial, the exchange that took the first positive step for XRP, has now delivered positive news for Tezos (XTZ).
According to The Block, in a landmark development for digital asset markets, Bitnomial has launched the first regulated Tezos (XTZ) futures in the US.
Bitnomial, a derivatives exchange and clearing house based in Chicago, has listed Tezos (XTZ) futures.
Individual users will be able to participate in transactions through the Botanical platform.
Tezos co-founder Arthur Breitman stated: “U.S. regulated futures contracts form the backbone of commodity markets. The introduction of these regulations for Tezos (XTZ) reflects Tezos’s growing maturity and supports broader institutional participation, enabling mature price discovery and risk transfer.”
The Tezos project was first proposed in 2014 and achieved one of the largest ICOs in history in 2017, raising approximately $232 million. At that time, the project raised approximately 66,000 BTC and 361,000 ETH in its ICO.
Bitnomial also holds the distinction of being the first US exchange to offer several cryptocurrency products, including the first regulated XRP futures, which launched last year.
Bitnomial has previously been a pioneer in launching compatible derivative products for various crypto assets other than XRP in the US, including Solana and Aptos.
*This is not investment advice.