BitMEX to launch XRP perpetual swap, with up to 50x leverage.
Crypto derivatives exchange BitMEX is set to roll out a new perpetual swap contract for the XRP cryptocurrency. The XRP/USD swap contract went live on February 5th at 4:00 UTC, BitMEX announced. The product was first revealed in January.
The XRP/USD contract will offer leverage of up to 50 times, according to information on the BitMEX website. “All margin is posted in Bitcoin, that means traders can go long or short this contract using only Bitcoin” said the exchange.
Per Wikipedia, BitMEX is a cryptocurrency exchange and derivative trading platform which is owned and operated by HDR Global Trading Limited and is registered in the Seychelles.