Major Exchange Unlocks XRP and RLUSD as Margin Currencies

BitMEX, one of the leading cryptocurrency exchanges, has announced that $XRP can now be used as collateral for derivatives trades.

This essentially means that traders can lock up to open a derivatives position.

From now on, $XRP or $RLUSD could be used as margin for any supported derivatives.

As reported by U.Today, BitMEX recently added support for the $RLUSD stablecoin.

The market cap of $RLUSD currently stands at $310 million.