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BitMEX, one of the leading cryptocurrency exchanges, has announced that $XRP can now be used as collateral for derivatives trades.
This essentially means that traders can lock up to open a derivatives position.
From now on, $XRP or $RLUSD could be used as margin for any supported derivatives.
As reported by U.Today, BitMEX recently added support for the $RLUSD stablecoin.
The market cap of $RLUSD currently stands at $310 million.
blockchainreporter.net
crypto-economy.com
cryptobriefing.com