u.today
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.