- Futures quarterly, explained
- Bitmex XRP offers
The Bitmex Exchange, which is one of the leading commercial platforms for the trade of cryptographic derivatives, has implemented a new set of quarterly futures contracts that cover the main cryptocurrencies, including XRP.
The aforementioned contracts were officially launched earlier on Tuesday.
Futures quarterly, explained
Futures allow the price of XRP to operate without having it.
Unlike the perpetual exchanges they never expire, XRP quarterral future have a fixed maturity date. Merchants generally use these products for arbitration or coverage.
For example, the XRPZ25 contract, which was launched on September 9, will expire and liquidate according to the spot XRP price on December 26.
Meanwhile, the XRPU25 contract, which was available on June 10, will expire on September 26.
Bitmex XRP offers
Bitmex’s perpetual future for Token XRP initially launched in 2020.
The cryptocurrency trade platform also allowed specific trade for the Token XRP in March 2024.
This January, the Bitmex Exchange also introduced the margin of multiple assets, which allows to use the token linked to undulation as a guarantee for the derivatives trade.
At the end of this year, the negotiation platform also extended its offer of options with XRP.