Rapid expansion in XRP and broader crypto derivatives trading is reshaping global markets as exchanges introduce leveraged tools for advanced investors. Cryptocurrency exchange Gemini announced on Nov. 5 that it launched XRP perpetual contracts for European Union users, offering exposure to XRP price movements without monthly expirations and signaling broader ambitions in the digital asset derivatives sector.
The announcement states:
Gemini customers in the European Union can now trade XRP perpetual contracts, allowing users to take long or short positions on XRP with up to 100x leverage and no monthly expiration date within the Gemini platform.
The company explained that all settlements are denominated in USDC and that cross-collateral functionality enables users to fund positions with assets held in their Gemini spot accounts. Gemini highlighted its compliance and security credentials, referencing ISO 27001 and SOC 2 Type II certifications as evidence of robust operational standards.
To trade perpetual contracts, users must first open a Gemini Perpetuals account and fund it using USDC, EUR, or USD, or enable cross-collateral to utilize crypto from their Exchange account. Traders can then choose a market, such as BTC/USDC, ETH/USDC, SOL/USDC, or XRP/USDC, select whether to buy (long) or sell (short), and determine the size of their trade. Gemini’s interface integrates spot, staking, and perpetual trading, allowing users to manage all positions within a single platform.
Gemini recently introduced the XRP Edition of the Gemini Credit Card, enabling users to earn rewards in XRP. The exchange has also revealed a collaboration with Ripple and Mastercard to test stablecoin settlements for credit card transactions using Ripple’s RLUSD stablecoin on the XRP Ledger. The company noted that XRP perpetual contracts are subject to availability and geographic restrictions. Supporters of perpetual contracts argue that such products improve market liquidity and provide sophisticated tools for managing risk, advancing the broader maturity of the crypto trading landscape.
- What makes Gemini’s XRP perpetual contracts a major milestone?
They deliver 100x leveraged exposure to XRP without expirations, expanding Europe’s access to advanced crypto derivatives. - How are settlements handled for XRP perpetual contracts on Gemini?
All settlements are made in USDC, with cross-collateral functionality tied to users’ spot account balances. - Why is Gemini deepening its XRP integrations?
Gemini’s expansion into XRP derivatives, rewards cards, and stablecoin testing showcases its commitment to accelerating crypto adoption. - How could XRP perpetual contracts impact crypto markets?
They enhance liquidity, risk management, and institutional confidence, marking a key step toward market maturity.
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