Key Takeaways FXRP now collateralizes XRP options, perpetuals and spot trades. Derive settles XRP options in USDC instead of delivering XRP. Portfolio margin combines positions under one FXRP collateral balance. FXRP Opens Onchain XRP Derivatives Access XRP holders can now use FXRP as collateral for options, perpetual futures and spot trades on Derive, Flare announced Aug. 12. The FXRP integration lets users open positions from self-custodial wallets while the XRP supporting FXRP remains on the XRP Ledger. Will Procheska, a DeFi analyst, was quoted by Flare as saying: “XRP has one of the most committed long-term holder bases in crypto, …
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