US Crypto Exchange Launches XRP Derivatives in Europe

Gemini has added XRP perpetual contracts on its European derivatives platform, which is the first time that the American exchange offers leveraged XRP products to EU-based users through its registered entity in Malta.

The new listing allows traders to go long or short XRP with leverage up to 100xsettled in USDC and no fixed expiry date. Gemini Intergalactic EU Artemis, Ltd., is the one that sells the products, and they are authorized by the Malta Financial Authority (MFSA).

The company said that there are geographic restrictions and availability, and the disclosure of risks say that these instruments are derivatives of high volatility that are not suitable for all investors.

XRP joins the growing list of cryptocurrencies supported by Gemini, which already includes Bitcoin, Ethereum and Solana perpetual that have been launched for the region.

Futures on XRP

For those unfamiliar, perpetual contracts, which are different from standard futures, do not expire monthly. This means that traders can hold their positions until they meet the margin requirements. If it is not, however, they are usually liquidated, and after extreme falls, the market is usually filled with headlines about how hundreds of millions or even billions of dollars have been lost by traders.

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For Gemini, the rollout is part of its expansion of regulated derivatives offers in European markets that already support settlements denominated in USDC, and in this light, the choice of a new list is understandable without explanation.

XRP is still one of the most traded digital assets in the world, with a 10-year trading history, commanding $13.18 billion in derivatives volume and $3.35 billion in open interest, according to. CoinGlass.