BitMEX, a cryptocurrency exchange and derivative trading platform has announced to add a new perpetual swap contract for its XRP token starting today at 4.00 UTC.
According to BitMEX, all margin is posted in Bitcoin, that means traders can either go long or short for this contract using only Bitcoin and they offer up to 50 times leverage for the XRP/USD contract on BitMEX.
It is also notable that apart from BitMEX, Binance and OKEx have also opted for an XRP/USDT contract offering up to 75 and 100 times leverage respectively, while smaller exchanges have offered similar contracts for a while.
Nevertheless, the whole hype of XRP was stumbled due to BitMEX’s CEO’s tweet on the token, while Ripple fans were celebrating the abovementioned listings.
His action clearly shows that he doesn’t care much on the quality of the product he takes on, as long as it benefits him monetarily. Plus, this is surely a lesson for everyone especially those influential people to be extra careful whenever they post something on social media, as it really has an impact.
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