Bullish: Flare launches first XRP spot market on Hyperliquid via FXRP
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- FXRP/USDC becomes the first XRP-linked spot pair on Hyperliquid.
- Traders can hedge XRP perpetuals using spot FXRP on one platform.
- FXRP moves across chains while staying linked to the XRP Ledger.
Flare has launched the first XRP spot market on Hyperliquid, marking a new step in bringing the cryptocurrency into decentralized finance trading, the company said.
The listing uses FXRP, a token issued on the Flare network that represents XRP and allows it to move across blockchains while remaining linked to the XRP Ledger. Trading has begun with an FXRP/USDC pair, giving traders direct spot exposure to XRP on Hyperliquid for the first time.
Flare co-founder Hugo Philion said, “Traders on Hyperliquid can now create a delta neutral XRP position between the spot FXRP market and futures, on a single decentralised platform, whilst earning the funding rate.”
How the list…
Read The Full Article Bullish: Flare launches first XRP spot market on Hyperliquid via FXRP On Coin Edition.
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In This News
Coins
$ 1.10
-0.81%$ 0.99982
0%$ 0.00659
-0.79%$ 1.00060
+0.13%$ 67.19
+0.27%Predictions Markets
See what traders are focused on
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