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The BitMEX exchange, which is one of the leading trading platforms for trading crypto derivatives, has rolled out a new set of quarterly futures contracts that cover major cryptocurrencies, including $XRP.
The aforementioned contracts officially went live earlier this Tuesday.
Quarterly futures, explained
Futures make it possible to trade the price of $XRP without owning it.
Unlike perpetual swaps that never expire, quarterly $XRP futures have a fixed expiry date. Traders typically use such products for arbitrage or hedging.
For instance, the XRPZ25 contract, which went live on Sept. 9, will expire and settle based on the $XRP spot price on Dec. 26.
Meanwhile, the XRPU25 contract, which became available on June 10, will expire on Sept. 26.
BitMEX's $XRP offerings
BitMEX's perpetual futures for the $XRP token initially went live back in 2020.
The cryptocurrency trading platform also enabled spot trading for the $XRP token back in March 2024.
This January, the BitMEX exchange also introduced multi-asset margining, making it possible to use the Ripple-linked token as collateral for derivatives trading.
Later this year, the trading platform also expanded its options offering with $XRP.