BitMEX XRPUSD Swaps Launch 5 February

[TexasHodlem]

Quote

We are proud to announce that a new Ripple USD (XRPUSD) quanto swap will be launched on BitMEX on Wednesday 5 February 2020, contract details will be available on Testnet on Friday 24 January 2020. More details to follow. 

https://blog.bitmex.com/announcing-the-new-xrpusd-swap-and-delisting-bitmex-up-bitmex-down-contracts/

[Lumpy]

That is cool!

[DirectorCoulson]

2 hours ago, TexasHodlem said:

https://blog.bitmex.com/announcing-the-new-xrpusd-swap-and-delisting-bitmex-up-bitmex-down-contracts/

Nice. More options to short xrp into the ground. #xrpthestandard 

[TexasHodlem]

@DirectorCoulson

A less cynical party might suggest that the growing MXN corridor can benefit from a local, highly-liquid derivatives market. I didn't mean to imply that I thought BitMEX would have a direct impact on the price, in either direction. This is a long time coming, and it's good to see demand for more financial instruments, especially those trading against the USD spot price, not against BTC.