I feel this acquisition of Bitnomial by Payward carries significant meaning. Bitnomial operates under CFTC regulation, offering XRP futures and integrating XRP as collateral into the derivatives market—it’s less like a simple exchange listing XRP and more like an infrastructure built around XRP. The key point is that oversight comes from the CFTC. This implies that XRP is being treated within the context of a commodity. Now, Kraken is incorporating this structure. The underlying implication is clear: XRP is evolving from being merely a speculative asset toward potentially being recognized as a financial infrastructure asset used for liquidity, collateral, and hedging. Bitnomial was designed with XRP at its core. This acquisition reveals Kraken’s clear strategic direction. #XRP Bullish
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