Bitnomial’s Crypto Collateral Crisis: RLUSD & XRP Join the Party!

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Finance

What to know:

  • Binomial is the first U.S. derivatives clearing organization to accept stablecoins, starting with RLUSD and XRP, as margin collateral, it announced Tuesday. 🤯 Because the universe clearly needs more chaos.
  • Institutional traders can now post RLUSD and XRP for leveraged crypto derivatives, with retail access coming via Bitnomial’s Botanical platform. Because nothing says “financial innovation” like a botanically themed trading app. 🌿

Bitnomial, a Chicago-based derivatives exchange and clearinghouse regulated by the Commodity Futures Trading Commission (CFTC), has become the first U.S. registered derivatives clearing organization to accept stablecoins as margin collateral, the company said in a press release Tuesday. Because nothing says “regulation” like letting your margin be backed by a cryptocurrency that’s probably just a meme at this point. 🤡

The firm announced support for and XRP margin deposits on Tuesday, marking a new step in its expansion into digital asset-based collateral. Because who doesn’t want to bet their savings on a digital asset that could vanish like a poorly written joke? 🧨

The move builds on Bitnomial’s September 2025 launch of crypto margin deposits, which made it the only U.S. regulated exchange and clearinghouse to accept digital assets as native margin. Wait, September 2025? That’s not a typo. The future is now, and it’s 2025. Or is it? 🕰️

With the addition of RLUSD and XRP, institutional traders can now post stablecoins and XRP to margin leveraged perpetuals, futures, and options on Bitnomial Exchange. Because nothing says “risk management” like using a stablecoin that’s only stable if you ignore the fact it’s backed by… well, nothing. 🛑

Individual users will gain similar access through Botanical, the company’s retail trading platform. Because nothing says “retail” like a platform that’s basically a digital casino with a fancy name. 🎰

The exchange said its latest offering will benefit crypto-native funds, institutional traders, and market makers seeking more capital-efficient exposure while maintaining compliance with U.S. regulations. Because nothing says “compliance” like a system that’s as stable as a house of cards made of quantum particles. 🧱✨

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2025-11-04 18:52