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 BIT Exchange enables XRP options trading no need for ownership

BIT Exchange enables XRP options trading no need for ownership


Published: 2023-08-17


1. Cryptocurrency Exchange BIT Enables XRP Options Trading (150 words): In this article,the main topic revolves around the announcement made by the cryptocurrency exchange BIT regarding the introduction of XRP options trading on its platform. This move allows traders to speculate on the price movements of XRP without the need for actual ownership of the cryptocurrency. By offering XRP options trading,BIT aims to cater to the growing demand for more diverse investment opportunities in the cryptocurrency market. With this development,traders can now gain exposure to XRP's price fluctuations by taking long or short positions using options contracts. This addition of XRP options trading further expands the range of products available to cryptocurrency traders on the BIT platform,providing them with increased flexibility and potential opportunities for profit.

2. No Requirement for Ownership in XRP Options Trading (180 words): One key aspect highlighted in the article is the fact that XRP options trading on BIT does not require traders to actually own the XRP cryptocurrency. This sets it apart from traditional trading methods,where ownership of the underlying asset is typically necessary. By offering options trading without the need for ownership,BIT aims to attract a wider range of traders who may not want to hold onto the cryptocurrency itself,but still want to participate in its price movements. This removes barriers for those who may have been hesitant to invest in XRP due to concerns related to security,storage,or regulatory compliance. By allowing traders to speculate on the price of XRP without owning it,BIT is providing a more accessible and convenient avenue for investors to participate in the cryptocurrency market,potentially attracting new participants and boosting trading volume.

3. Expanding Investment Opportunities with XRP Options Trading (170 words): The article emphasizes how the introduction of XRP options trading on BIT expands investment opportunities for cryptocurrency traders. Options trading offers participants the ability to profit from both upward and downward price movements of an asset,providing increased flexibility compared to simply buying and holding the cryptocurrency. With the addition of XRP options trading,traders can leverage their market insights and make more nuanced investment strategies. The availability of options contracts for XRP allows traders to potentially benefit from its price volatility,whether they anticipate a rise or a drop in its value. This move by BIT acknowledges the growing demand for more sophisticated and diverse investment instruments in the cryptocurrency space. Overall,XRP options trading on BIT provides traders with an additional tool for managing risk and potentially maximizing returns in the dynamic cryptocurrency market.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 64,009.31 1,911,033,342.58
2 ARS title=ARS 1,093.60 1,768,133,129.70
3 ETH title=ETH 3,116.66 948,176,151.98
4 SOL title=SOL 154.46 567,340,833.48
5 PEPE title=PEPE <0.01 422,846,625.38
6 DOGE title=DOGE 0.16 322,195,560.05
7 WIF title=WIF 3.42 235,613,054.91
8 WLD title=WLD 6.26 222,217,726.73
9 ENA title=ENA 0.90 183,156,703.97
10 BOME title=BOME 0.01 171,720,822.68
11 XRP title=XRP 0.53 152,424,896.70
12 NEAR title=NEAR 7.50 139,987,162.91
13 RNDR title=RNDR 9.97 137,678,236.41
14 BONK title=BONK <0.01 99,605,125.96
15 AVAX title=AVAX 38.03 90,967,265.13
16 ARKM title=ARKM 2.65 89,214,043.22
17 ETHFI title=ETHFI 4.07 88,064,360.64
18 SUI title=SUI 1.11 82,563,744.02
19 FLOKI title=FLOKI <0.01 81,867,715.28
20 RUNE title=RUNE 5.42 78,815,686.45
21 AR title=AR 39.72 77,803,566.37
22 ORDI title=ORDI 39.39 66,811,843.32
23 HBAR title=HBAR 0.12 56,802,013.68
24 USTC title=USTC 0.02 56,425,314.92
25 FIL title=FIL 6.19 55,889,397.41
26 FTM title=FTM 0.72 48,241,397.35
27 LTC title=LTC 81.49 47,157,691.95

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 TerraClassicUSD title=USTC 0.02 +17.41
2 Worldcoin title=WLD 6.26 +15.73
3 Ethena title=ENA 0.90 +12.47
4 iExec RLC title=RLC 3.03 +12.19
5 Any Inu title=AI 1.19 +9.64
6 Reserve Rights title=RSR <0.01 +9.13
7 Yield Guild Games title=YGG 0.90 +9.04
8 Ethernity Chain title=ERN 4.47 +8.66
9 Jito title=JTO 3.72 +8.52
10 Arkham title=ARKM 2.65 +7.12
11 Render title=RNDR 9.97 +7.08
12 GALA title=GALA 0.05 +7.05
13 Hedera title=HBAR 0.12 +6.99
14 Injective title=INJ 25.69 +6.82
15 SingularityNET title=AGIX 1.00 +6.43
16 Cosmos Hub title=ATOM 9.39 +6.39
17 BOOK OF MEME title=BOME 0.01 +6.36
18 Bella Protocol title=BEL 0.84 +6.34
19 IDEX title=IDEX 0.06 +6.29
20 TrueFi title=TRU 0.11 +6.19
21 Moonriver title=MOVR 14.40 +6.11
22 SelfKey title=KEY <0.01 +6.10
23 Pyth Network title=PYTH 0.56 +6.08
24 Raydium title=RAY 1.75 +6.01
25 NKN title=NKN 0.13 +5.96
26 NFPrompt title=NFP 0.50 +5.93
27 Ocean Protocol title=OCEAN 1.00 +5.89
28 BarnBridge title=BOND 3.14 +5.80
29 Solana title=SOL 154.46 +5.72
30 Phala title=PHA 0.20 +5.71

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 REZ 0.17 -6.17
2 LeverFi title=LEVER <0.01 -5.76
3 IQ title=IQ 0.01 -5.18
4 Golem title=GLM 0.60 -4.64
5 Convex Finance title=CVX 2.50 -4.06
6 Ellipsis X title=EPX <0.01 -3.87
7 Komodo title=KMD 0.40 -3.60
8 Juventus Fan Token title=JUV 2.51 -3.57
9 Bonk title=BONK <0.01 -3.38
10 Vite title=VITE 0.02 -3.36
11 Voyager title=VGX 0.08 -3.14
12 Alpaca Finance title=ALPACA 0.18 -3.04
13 QuarkChain title=QKC 0.01 -2.54
14 Ontology Gas title=ONG 0.58 -2.51
15 Lido DAO title=LDO 1.99 -2.02
16 Atlas Aggregator title=ATA 0.19 -2.02
17 DataBot title=DATA 0.06 -2.01
18 Cortex title=CTXC 0.36 -1.94
19 Kadena title=KDA 0.89 -1.87
20 AS Roma Fan Token title=ASR 3.57 -1.87
21 TRON title=TRX 0.12 -1.64
22 Kava Lend title=HARD 0.19 -1.51
23 W 0.66 -1.50
24 Maker title=MKR 2,864.00 -1.48
25 Alpine F1 Team Fan Token title=ALPINE 1.87 -1.47
26 Santos FC Fan Token title=SANTOS 6.32 -1.37
27 Stargate Finance title=STG 0.50 -1.32
28 FLOKI title=FLOKI <0.01 -1.29
29 Lisk title=LSK 1.89 -1.26
30 Stacks title=STX 2.28 -1.25

Bitcoin's Greed and Fear Index.

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71
Greed

Global CryptoCurrency News

?
(See more news ...)
at news date
1 Cardano founder proposes Bitcoin Cash integration in X poll 2024-05-06
2 Bitcoin reaches one billion transactions 2024-05-06
3 Bad actors and block storms Bitcoin dev calls for testnet reboot 2024-05-06
4 Crypto venture capital funding hits 1B for second straight month 2024-05-06
5 Weekend Wrap SOL set for bronze Bitcoiner fat fingers 100K fee and more 2024-05-06
6 Could stablecoin volumes overtake Visa this quarter 2024-05-06
7 Bitcoin will propel the next leg up if key trading pattern confirms Traders 2024-05-05
8 Bitfinex database breach seems fake says CTO 2024-05-05
9 Sui Network addresses claims about its token supply 2024-05-05
10 Coinbase faces new lawsuit over alleged investor deception 2024-05-05
11 Uniswap CEO weighs In on ethical token distribution 2024-05-05
12 Where to store your crypto Wallets provide diverse options for holders 2024-05-05
13 Warren Buffett compares AI to nukes after seeing deepfake doppelganger 2024-05-05
14 More than half of the Fortune 100 uses Apples Vision Pro headset 2024-05-05
15 Bitcoin will 039propel the next leg up039 if key trading pattern confirms Traders 2024-05-05
16 Grayscales GBTC stops bleeding First net inflows since launch 2024-05-04
17 LayerZero tackles sybil activity with self reporting mechanism 2024-05-04
18 BTC e founder pleads guilty in 9B money laundering conspiracy 2024-05-04
19 What are tokenized commodities 2024-05-04
20 Bitcoin opens 63K futures gap as thin liquidity threatens BTC price 2024-05-04
21 Vodafone looks to integrate crypto wallets with sim cards 2024-05-04
22 Australian court rules against Qoin issuer BPS Financial on 4 charges 2024-05-04
23 SEC delays decision on 7RCCs eco friendly spot Bitcoin ETF 2024-05-04
24 Losses due to crypto hacks fall 67 Bitcoin DeFi interest rises Finance Redefined 2024-05-04
25 Snowden goes after Bitcoin devs Elon Musk and puppy killers in X flurry 2024-05-04
26 Crypto Biz The Bitcoin summer Avalanche integrates with Stripe and more 2024-05-04
27 Coinbase039s Base could make it the NVIDIA of DeFi 2024-05-04
28 Former Cred execs face wire fraud and money laundering charges 2024-05-04
29 Grayscales GBTC stops bleeding First inflow since launch 2024-05-04
30 Biggest Friendtech whale dumps tokens as users struggle to claim airdrop 2024-05-03
31 Bitcoin and Ether options worth 24B set to expire May 3 max BTC pain at 61K 2024-05-03
32 Vested crypto tokens worth over 3B to be unlocked in May 2024-05-03
33 Trader loses 68M in address poisoning scam 2024-05-03
34 USDC overtakes USDT Compliance is key to stablecoin dominance 2024-05-03
35 Bitcoin price springs 5 to 62K as US jobs data boosts rate cut bets 2024-05-03
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38 Bitcoin enters 039a new era039 as whales scoop up over 47K BTC during price pullback 2024-05-03
39 CFTC Commissioner wants to create AI Fraud Task Force 2024-05-03
40 Block shares see after hours bump as Q1 results top estimates 2024-05-03
41 Coinbase posts 12B net income in Q1 surpasses entire 2023 earnings 2024-05-03
42 Terraform claims SEC offered no evidence for 47B in disgorgement 2024-05-03
43 Crypto leaders should stop flirting with CBDCs 2024-05-03
44 Hong Kong Bitcoin ETF launch in top 20 STRK scam suspect busted Asia Express 2024-05-03
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46 US senators FBI arent opposed to crypto privacy Railgun contributor 2024-05-03
47 Former FTX exec Ryan Salame to give up 59M Bahamas property 2024-05-03
48 BTC price chart seen mirroring US spot Bitcoin ETF launch pattern 2024-05-03
49 Memecoins mass appeal makes it valuable to DEXs Kain Warwick 2024-05-03
50 How to short Bitcoin on Binance and Coinbase 2024-05-02

US news that has a significant impact on the market

at news day date time
1 FOMC Member Barkin Speaks Monday 06-05-2024 17:50
2 FOMC Member Williams Speaks Monday 06-05-2024 18:00
3 Loan Officer Survey Monday 06-05-2024 19:03
4 RCM/TIPP Economic Optimism Tuesday 07-05-2024 15:03
5 Consumer Credit m/m Tuesday 07-05-2024 20:00
6 Final Wholesale Inventories m/m Wednesday 08-05-2024 15:00
7 Crude Oil Inventories Wednesday 08-05-2024 15:30
8 FOMC Member Jefferson Speaks Wednesday 08-05-2024 16:00
9 10-y Bond Auction Wednesday 08-05-2024 18:01
10 FOMC Member Cook Speaks Wednesday 08-05-2024 18:30
11 Unemployment Claims Thursday 09-05-2024 13:30
12 Mortgage Delinquencies Thursday 09-05-2024 15:00
13 Natural Gas Storage Thursday 09-05-2024 15:30
14 30-y Bond Auction Thursday 09-05-2024 18:01
15 FOMC Member Bowman Speaks Friday 10-05-2024 14:00
16 Prelim UoM Consumer Sentiment Friday 10-05-2024 15:00
17 Prelim UoM Inflation Expectations Friday 10-05-2024 15:00
18 FOMC Member Barr Speaks Friday 10-05-2024 18:30
19 Federal Budget Balance Friday 10-05-2024 19:00

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