There is new development for the altcoin XRP after a positive court ruling and a resurgence of market sentiment. Accordingly, he entered options trading on a leading crypto exchange. Let’s look at the details
Altcoin XRP options trading thrives on the BIT exchange
In fact, we can call this news the last market move of altcoin XRP. Following the recent SEC lawsuit decision, Ripple-related cryptocurrency XRP remains in the spotlight. It also continues to make waves in the crypto space. There was a partial victory over the US Securities Exchange Commission’s (SEC) classification arguments. The subsequent listing of altcoin XRP on another options exchange shows its resilience in the market.
BIT, an elite crypto exchange known for its expertise in options trading, has made the move. Accordingly, it has recently announced its options trading feature for XRP. The addition of XRP makes it the sixth token available for options trading on the BIT platform. It also recruits BTC, ETH, ADA, TON and LADYS.
Court victory gave impetus
On July 13, Ripple made a significant legal gain when the court partially ruled in its favor, challenging the SEC’s claim that XRP should be classified as a security. This positive result led mainstream exchanges to relist the altcoin XRP. Afterwards, there was an impressive 70% increase in the value of the cryptocurrency. The decision marked a crucial moment for Ripple. It also renewed optimism in the altcoin XRP market.
A statement on the subject came from Justin Buitendam, Head of Global Corporate Sales of BIT. Accordingly, they express their pride in their role as one of the leading exchanges promoting XRP options trading. He points out that this trading feature is important for both institutional and individual investors. It also highlights that ICT is aligned with its commitment to expand market reach.
Advantage in USD
BIT Exchange stands out as a USD-denominated and embedded platform that offers users the advantage of trading XRP options without having to hold the underlying assets. This streamlined approach has a consequence. Increases the accessibility and attractiveness of options trading to a wider range of market participants
cryptocoin.com When we look at it from the outside, the legal victory of the altcoin XRP over the SEC has consequences. Accordingly, it has undeniably caused a resurgence of interest and optimism in the cryptocurrency market. The recent addition of altcoin XRP to BIT Exchange’s options trading portfolio marks another milestone in its journey to re-establish its position in the crypto world. XRP is gaining more recognition and benefits. Thus, its future trajectory is becoming more and more interesting for both investors and enthusiasts.
