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XRP Holders Can Trade Options on Derive With FXRP Collateral

News.Bitcoin.com
XRP Holders Can Trade Options on Derive With FXRP Collateral

Derive now accepts FXRP as collateral for XRP options, perpetual futures and spot trades, expanding the token’s onchain utility. The integration gives wallet users self-custodial access to hedging, premium-generating and leveraged strategies. FXRP Opens Onchain XRP Derivatives Access XRP holders can now use FXRP as collateral for options, perpetual futures and spot trades on Derive, […]

Key Takeaways

  1. Derive now accepts FXRP as collateral for XRP options, perpetual futures and spot trades, expanding the token’s onchain utility.
  2. The integration gives wallet users self-custodial access to hedging, premium-generating and leveraged strategies.
  3. FXRP Opens Onchain XRP Derivatives Access XRP holders can now use FXRP as collateral for options, perpetual futures and spot trades on Derive, […]
Read Full Article on News.Bitcoin.com

Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.