BitMEX, one of the leading cryptocurrency exchanges, has announced that XRP can now be used as collateral for derivatives trades.
Advertisement
This essentially means that traders can lock up these tokens as collateral to open a derivatives position.
Mon, 05/26/2025 - 12:19
Breaking: Strategy's $40 Billion Bitcoin Bet Just Got Bigger
Apart from the two nearly added tokens, some other cryptocurrencies, such as Ethereum (ETH) and Bitcoin (BTC), became available for multi-asset margining.
Advertisement
As reported by U.Today, BitMEX recently added support for the RLUSD stablecoin.
The market cap of RLUSD currently stands at $310 million.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team