There are significant developments on the XRP side. Crypto.com, known as the largest stock market in North America, announced on February 14, 2025 that it will list the XRP. This move is expected to contribute billions of dollars to the transaction volume of the XRP.
Crypto.com’s XRP move
Crypto Analyst Levi Rietved shared the image of an official document showing that Crypto.com will list the XRP. Sharing, this development may be a major turning point for the XRP and will cause a significant increase in the volume of transaction, he said.
https://x.com/levirinetved/status/1890107859393708300
Crypto.com’s derivative platform, Crypto.com Derivatives North America (CDNA) reported the intention of listing a new financial product to the US Commodity Futures Commission (CFTC) XRP on 12 February 2025. This step shows that the process of making the stock market processable can be traded.
What is the XRP Crypto Event contract?
The new financial product that Crypto.com plans to list, XRP Crypto Event Contractcalled. This contract may be a derivative product that pays depending on whether certain events connected to the XRP occur.
Such contracts may be associated with XRP’s price movements, network growth or other specific events. The CDNA aims to open this new financial product as of February 14, 2025. This step of Crypto.com is seen as part of the company’s growth strategy in the derivative market.
Increased Effect of Crypto.com
Crypto.com’s transaction volume has increased rapidly in recent months. According to reports, the monthly spot transaction volume of the stock market increased to $ 34 billion in July 2024 and rose to $ 134 billion in September 2024.
This growth allowed Crypto.com in front of Coinbase and Kraken, North America. The listing of the XRP may further increase the impact of the stock market on the market.
Possible effects on the market
Listing XRP by a large stock market may increase liquidity and lead to a significant increase in the process volume. With the increase in positive signals against the XRP, this listing is thought to strengthen investor interest.
Historically, crypto currencies listed in large stock exchanges often experience price increase and market mobility. Investors will closely follow the price movements of XRP after February 14.
