BitMEX Exchange Pioneers RLUSD as Margin for Crypto Derivatives Trading
BitMEX has become the first cryptocurrency exchange to list Ripple USD (RLUSD) as a margin currency for derivatives trading. The Seychelles-based platform announced the integration on May 20, with trading going live on May 22 as part of its Multi-Asset Margining system.
The stablecoin, pegged 1:1 to the U.S. dollar, can now be used as collateral for crypto contracts. BitMEX also enabled spot trading for RLUSD, supporting deposits via both ERC-20 and XRPL networks. A promotional campaign offering 15,000 RLUSD in rewards accompanied the launch.
This move marks a significant expansion of stablecoin utility in derivatives markets. RLUSD joins a growing list of digital assets bridging traditional finance with crypto trading mechanisms.