TechFlow reports that BIT, a crypto exchange specializing in options trading, recently announced the launch of XRP options trading products following Ripple's partial legal victory against the SEC, aiming to capture surging market interest.
The BIT platform allows users to trade XRP options settled in USD without holding the underlying asset. All user assets, including XRP, can be used as margin.
BIT has partnered with liquidity provider Orbit Markets to supply initial liquidity for the XRP options market.
BIT's Head of Global Institutional Sales stated that they are proud to be among the first exchanges to offer XRP options trading to both institutional and retail investors.
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