Crypto.com Doubles Down on XRP with High-Risk Options Play as ETF Rumors Swirl
Crypto.com just upped the ante for XRP traders—laundering strike options that’ll either mint new crypto millionaires or leave bagholders weeping. Timing’s no accident: the platform’s riding the ETF hype wave, because nothing pumps volumes like regulatory daydreams.
High-stakes gambling disguised as finance? Check. Opaque derivatives tied to an asset the SEC still side-eyes? Classic. But hey, at least the fees are transparent (unlike the ‘utility’ of half these blockchain projects).
One thing’s certain: when the ETF music stops, the exchanges always have chairs. Retail traders? Not so much.
- Crypto.com expands XRP trading with 20-minute strike options.
- XRP ETF approval chances soar to 83% despite SEC delays.
- Institutional players continue to invest in XRP via futures contracts
Crypto.com has launched new strike options for XRP, to give users more short-term trading tools. The Singapore-based exchange now offers users the opportunity to predict XRP’s price movement within a 20-minute window. This addition follows the platform’s earlier launches of strike options for Bitcoin and Ethereum.
The new product enables users to make high-risk, high-reward trades with just $10. A trader can easily decide if XRP will surpass a specified price within a short timeframe. If the trade matches their prediction, the trader can exit the trade which increases flexibility. Crypto.com added this feature to meet the demand for fast trading tools from both crypto enthusiasts and professionals.
Crypto.com Up and Down XRP Options
Crypto.com previously released up-and-down options for XRP. These options automatically end your trades when your target profit or loss is reached. Users can now use the new strike options to take part in XRP’s active markets.
This launch occurs amid a wave of XRP-related products in the market. In March, Bitnomial introduced XRP contracts to take advantage of the breakthrough from the Ripple lawsuit. More XRP derivatives show increased interest from both individual and institutional traders.
XRP ETF Approval Odds Soar on Polymarket
Even though the approval for XRP spot ETF has been delayed, the market is still optimistic. Polymarket forecasts show that the odds of approval ROSE to 83%. The increase in approval odds comes after the U.S. Securities and Exchange Commission (SEC) delayed reviews of many ETF applications, including those from Bitwise, CoinShares and Grayscale.
Analysts believe a decision will be made in October, viewing the delays as a standard part of the review process. However, the delays have not deterred market enthusiasm. In fact, institutional interest in XRP continues to grow as more regulated trading products emerge.
XRP Futures Gain Momentum
The introduction of Volatility Shares’ XRP futures ETF on the Nasdaq highlights increased institutional investors in XRP. CME Group introduced its own XRP futures contracts on May 19. This allows investors to buy XRP on a regulated platform.
The introduction of new XRP products such as strike options and futures contracts shows increased use of XRP. The increase in institutional participation indicates market expansion. As XRP trades at $2.30, the introduction of new products and increased chances of approval, raises the asset’s potential for growth in the next few months.
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