tl;dr
Gemini has launched XRP perpetual contracts, offering traders the ability to extend their exposure to the cryptocurrency and use leverage to hold positions without an expiration date. However, the platform is not available in the U.S., U.K., and the European Union. This development follows a social ...
Gemini has recently launched XRP perpetual contracts, providing traders with the ability to extend their exposure to the cryptocurrency and use leverage to hold positions without an expiration date. Unfortunately, the platform is not available in the U.S., U.K., and the European Union. This development comes after a social campaign around XRP, which set high expectations in the XRP community, resulting in some disappointment. Despite this, the launch of perpetual contracts is seen as an encouraging move, potentially amplifying gains and losses for traders on the Gemini Derivatives platform.
The introduction of XRP perpetual contracts offers traders the capability to go beyond spot trading by using leverage and holding positions without an expiration date. This enables traders to amplify their positions, potentially magnifying their gains as well as their losses. However, the platform is not accessible in the U.S., U.K., and the European Union. The recent development follows a social campaign around XRP and the introduction of spot trading for XRP by Gemini less than six months ago. This campaign led to speculation and high expectations, contributing to some disappointment within the XRP community. Nonetheless, the launch of the perpetual contracts is considered a significant move in the cryptocurrency market.
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