One transaction expanded the lineup of regulated crypto derivatives with the launch of XRP/EUR Perpetual Futures. The new contract allows European traders to acquire a position exploited against the Euro in XRP, offering both long and short strategies.
The XRP/EUR listing follows previous developments of BTC/EUR and ETH/EUR’s permanent future exchanges. The company said these products have already opened positions of nearly 2 billion euros since their launch.
Regulated Market Provider
“This new market will allow European traders to acquire jobs against the Euros of XRP in leverage, allowing both long and short strategies to acquire opportunities in market conditions,” the company said in its announcement on Monday.
One transaction said it was Europe’s first platform to offer a regulated, lasting future. This structure is designed to provide a trader-compliant, transparent environment while engaging in leveraged crypto trading.
The contract involves a one-minute settlement, quick execution, and low trade fees. Traders can use their products to accommodate both upward and downward market movements, increasing flexibility in volatile conditions.
Expanding product range
The company discussed the addition of XRP/EUR as part of its efforts to meet customer demand and expand access to regulated crypto futures in Europe.
Expect continuous updates as this story evolves.