BIT, a professional crypto exchange specializing in options trading, launched options trading of XRP today.
XRP Replaces BTC, ETH, ADA, TON And LADYS As The Sixth Available Token For Options Trading On The BIT Platform
On July 13, the court ruled in part in favor of Ripple, rejecting some of the SEC's claims that XRP should be classified as a security.
This result led mainstream exchanges to relist XRP, and in response, the price of the cryptocurrency rose by an impressive 70%.
The partial victory over the US Securities Exchange Commission marks an important milestone for Ripple and has undoubtedly brought renewed interest and optimism in the XRP market.
Justin Buitendam, Head of Global Enterprise Sales at BIT, said:
“We are proud to be one of the first exchanges to make XRP options trading accessible to both institutional and retail investors. We look forward to bringing this product to more investors and traders around the world.”
As a USD-denominated and consensus exchange, users can trade XRP options without the need to hold the underlying assets.
*Not investment advice.