Binance, a renowned cryptocurrencycurrency exchange, plans to launch XRP/USDT options trading on March 11th, leveraging on the growing interest in the XRP coin. This strategic move intends to broaden trading opportunities and improve the user experience on the Binance platform.
The newly announced XRP/USDT options will be European-style contracts with market values until expiration. Binance’s Options Request for Quote (RFQ) system will enable institutional-grade liquidity by allowing large trades over-the-counter at competitive pricing with no fees.
Binance’s decision comes amid increased interest in XRP, as seen by significant whale piling on the platform itself. Notably, a single unnamed wallet purchased a stunning 300 million XRP tokens from Binance, indicating strong investor interest in the altcoin’s future potential.
