BitMEX Exchange Enhances XRP Utility with New Margin Trading Feature as Ripple Ecosystem Grows
BitMEX has strengthened XRP’s position in the derivatives market by introducing margin trading for the token, reflecting increasing institutional trust in Ripple’s ecosystem. The platform also added RLUSD to its multi-asset collateral options, broadening its product diversity.
Legal expert Bill Morgan praised the update as "doubly positive news for the XRP ecosystem," though initial market response was muted. This upgrade improves capital efficiency for traders, potentially driving wider adoption.
XRP’s new functionality as a margin asset represents a shift beyond its conventional role in cross-border payments. This strategic move coincides with growing speculation about crypto reserves and notable endorsements, including from celebrity Conor McGregor.
