February 5 should have been an exciting day for Ripple as behemoth derivatives exchange BitMEX adds a new perpetual swap contract for its XRP token. But while BitMEX is “proud” to announce the new trading pair, CEO Arthur Hayes calls XRP “dogsh*t” on socials.
XRP/USD Perpetuals Start Trading on BitMEX
As per a company announcement, BitMEX stated that it was “proud” to reveal its latest trading pair. It will be adding the XRP/USD swap contract on Feb 5 at 4:00 UTC.
We at BitMEX are proud to announce that trading of a new perpetual swap on the XRP token (XRPUSD) will begin at 0400 UTC on 5 February 2020.
— BitMEX (@BitMEXdotcom) February 4, 2020
The XRP/USD contract on BitMEX will offer up to 50 times leverage. According to the BitMEX site:
All margin is posted in Bitcoin, that means traders can go long or short this…
Click to continue reading on its source location…