Gemini launches XRP perpetual contracts for EU users with up to 100X leverage
Gemini has introduced XRP perpetual contracts for European Union users, offering up to 100x leverage. These contracts allow traders to take long or short positions on XRP without expirations via Gemini’s offshore exchange platform. This initiative is part of Gemini's expansion in perpetual contract trading for international markets, enhancing its suite of leveraged crypto products.
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Gemini Introduces XRP Perpetual Contracts
Gemini, a cryptocurrency exchange, has launched XRP perpetual contracts targeted for users in the European Union. These contracts bring an entirely new trading opportunity for the EU market by offering innovative features tailored to enhance user trading experiences.
High Leverage for Advanced Trading
The XRP perpetual contracts support up to 100x leverage, enabling traders to amplify positions significantly. With this leverage, traders can take advantage of both long and short positions on XRP, effectively managing their market exposure and maximizing potential profits. Notably, these contracts have no expiry date, providing added flexibility for strategic trading.
Key Features: Directional Exposure and Risk Management
Through the use of Gemini’s offshore exchange platform, users can gain directional exposure to changes in XRP’s price. Additionally, the offering includes enhanced risk management tools, designed to safeguard traders while taking high-leverage positions in this volatile market.
Expansion of Perpetual Contract Options
Gemini is continuously expanding its perpetual contract trading options for international markets. As part of its broader strategy, the exchange is incorporating a diverse range of crypto assets into its suite of leveraged products, aiming to meet the demands of non-US users.