XRP Derivatives Contracts to Arrive on Major Japanese Crypto Exchange: Details
02/26/2025 22:16
XRP to join Bitcoin in derivative contract listing on major Japanese crypto exchange
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In a significant development for XRP, the fourth largest cryptocurrency, major Japanese cryptocurrency exchange Bitflyer is planning to launch XRP crypto CFD, allowing leverage trading for traders.
Contracts for Differences (CFDs), similar to derivatives contracts, are a financial instrument that allows traders to speculate on the price movements of cryptocurrencies without owning the underlying asset. Additionally, CFDs give traders price exposure to manage price risk if they also own the underlying asset.
Bitflyer made this development known in a recent tweet. Before this time, Bitflyer only offered crypto CFD for Bitcoin; now this would include ETH and XRP.
— bitFlyer（ビットフライヤー） (@bitFlyer) February 26, 2025／
ETH ＆ XRP
近日中にレバレッジ取引に対応
＼ビットフライヤーのレバレッジ取引プロダクト
「 bitFlyer Crypto CFD 」で
ETH と XRP の取扱いを近日中に開始いたします🙌当社は今後もサービスのさらなる充実を図り、お客様に多様な投資機会をご提供してまいります❗… pic.twitter.com/pB0u3L3tXu
The tweet, translated from Japanese, reads: "ETH & XRP Leverage trading coming soon. BitFlyer's leveraged trading product is 'bitFlyer Crypto CFD.' We will start handling ETH and XRP soon. We will continue to improve our services and provide our customers with a variety of investment opportunities."
Related
In an official release, Bitflyer issued a notice of soon-to-be-available leveraged trading of Ethereum (ETH) and XRP. Currently, bitFlyer Crypto CFD handles the pair BTC-CFD/JPY, but the following pairs will be added with the start of handling ETH and XRP: ETH-CFD/JPY, XRP-CFD/JPY.
XRP Ledger receives major advancement
As announced in September, Ripple, in collaboration with the community, intends to bring permissionless programmability to the XRP Ledger (XRPL).
Related
In line with this aim, several VM options for XRPL programmability have been researched over the past few months, and it has been determined that Web Assembly (WASM) is the ideal choice for the XRPL since it balances flexibility, performance and integration better than other options.
Ripple CTO David Schwartz previously indicated that one of the primary goals of Ripple's approach to programmability is to progress slowly and incrementally toward programmability rather than jumping right into it. In a blog post, RippleX announced the launch of "Extensions" as its very first step.
The XRPL EVM sidechain would serve a complementary role to the XRPL but is not a replacement for mainnet programmability.