BitExchange adds XRP options to its platform, offering trading without owning the cryptocurrency.
Options represent derivative agreements that bestow the buyer with the privilege to purchase or vend the underlying asset at a predetermined price on or before a specified date. Call options grant the buying right, while put options offer the selling right.
Typically, traders utilize options for hedging purposes, lessening bearish or bullish risks, or generating supplementary earnings by “writing” options alongside their spot market holdings.“We’re excited to be among the early platforms offering XRP options trading to institutional and retail traders, providing both long and short options trading opportunities.”
With a current market capitalization of $30.88 billion, XRP ranks as the fifth-largest cryptocurrency globally. Like other
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