BitMEX Exchange Expands Offerings with RLUSD Spot Trading and Margin Support, Backed by 15,000 RLUSD Incentives

BitMEX has launched spot trading and margin support for Ripple USD (RLUSD), marking a significant expansion of its offerings. Starting May 20, users can deposit, buy, and trade RLUSD on the BitMEX Spot market. The exchange will also become the first to enable RLUSD as a margin currency through its Multi Asset Margining feature, available from May 22.

A 15,000 RLUSD reward pool has been allocated to incentivize user participation. Traders who deposit, buy, or trade RLUSD on BitMEX Spot—or use it as margin for derivatives trading—will be eligible for rewards. "We’re thrilled to collaborate with Ripple, a leader in digital asset infrastructure, to bring ’The Ripple Effect’ to our traders," said Stephan Lutz, BitMEX CEO. The move underscores BitMEX’s commitment to diversifying its product suite.