Crypto derivatives exchange Bitnomial completes $25 million funding round

Crypto derivatives exchange Bitnomial has announced the completion of a $25 million funding round led by Ripple Labs and the launch of its perpetual futures trading platform Botanical, which is currently in closed beta testing. The platform will offer investors a way to trade perpetual futures, traditional futures and options. Bitnomial CEO Luke Hoersten said the platform aims to provide a regulated and innovative trading experience and settle perpetual futures using Ripple's RLUSD stablecoin.