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BitMEX Exchange Pioneers RLUSD as Margin for Crypto Derivatives Trading

BitMEX Exchange Pioneers RLUSD as Margin for Crypto Derivatives Trading

Published:
2025-07-03 15:09:04
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BitMEX exchange News -

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.

|Square

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