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Bullish: Flare launches first XRP spot market on Hyperliquid via FXRP


by Coin Edition
for CoinEdition
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.

Read the article at CoinEdition

In This News

Coins

$ 1.92

-0.11%

$ 0.99960

-0.01%

$ 0.0104

-1.01%

$ 22.78

+5.30%

Share:

In This News

Coins

$ 1.92

-0.11%

$ 0.99960

-0.01%

$ 0.0104

-1.01%

$ 22.78

+5.30%

Share:

Read More

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Bullish: Flare launches first XRP spot market on Hyperliquid via FXRP


by Coin Edition
for CoinEdition
Bullish: Flare launches first XRP spot market on Hyperliquid via FXRP

Share:

  • 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.

Read the article at CoinEdition

In This News

Coins

$ 1.92

-0.11%

$ 0.99960

-0.01%

$ 0.0104

-1.01%

$ 22.78

+5.30%

Share:

In This News

Coins

$ 1.92

-0.11%

$ 0.99960

-0.01%

$ 0.0104

-1.01%

$ 22.78

+5.30%

Share:

Read More

XRP Burn Narratives and Price Action Draw Scrutiny as Token Trades Near $1.90

XRP Burn Narratives and Price Action Draw Scrutiny as Token Trades Near $1.90

Recent discussions around XRP have focused on supply burns, long-term scarcity claims...
Garanti BBVA Has Extended Its Custody Partnership With Ripple

Garanti BBVA Has Extended Its Custody Partnership With Ripple

According to Ripple’s Senior Executive Officer, Reece Merrick, Garanti BBVA Kripto, t...