BitMEX, one of the leading cryptocurrency exchanges, has announced that XRP can now be used as collateral for derivatives trades.
This essentially means that traders can lock up these tokens as collateral to open a derivatives position.
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Apart from the two nearly added tokens, some other cryptocurrencies, such as Ethereum (ETH) and Bitcoin (BTC), became available for multi-asset margining.
As reported by U.Today, BitMEX recently added support for the RLUSD stablecoin.
The market cap of RLUSD currently stands at $310 million.
Source: https://u.today/major-exchange-unlocks-xrp-and-rlusd-as-margin-currencies