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

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. 🤡







