XRPL Set to Add Options Trading for Investors Amid Major Upgrade

In the latest XRP news, the developers of the XRPL network have announced a major upgrade that would enable the platform to support options trading for investors. This proposal comes at a time when the network has seen major upgrades.

XRP News: XRPL Developers Push for Options Trading Integration

The XRPL developers have shared a new upgrade that would see the development of a sidechain on the Ledger. This would include American-style options, 200x leveraged margin trading, and a trustless cross-chain bridge.

This comes just months after the XRPL released its plan to introduce major changes on the platform. This is also an attempt to leverage the crypto derivatives space, which is a multi-trillion-dollar space. The proposed sidechain would essentially be the native derivatives chain for the XRP Ledger.

This is inspired by Hyperliquid’s platform, which has shown that one can have dominance in DeFi derivatives with a native order book. In response, crypto investor WrathofKaheman highlighted the new feature in an X post.

For context, options are considered one of the most powerful financial tools. Options trading volume in the cryptocurrency space is dominated by one particular exchange, which is called Deribit. On-chain options are still in their early days, and demand is high among institutions and professional investors.

The team also brought up the federal validator model for the XRP sidechain. The token has high liquidity, particularly among the XRPL community, and tokenized assets are growing, such as MP tokens.

Ripple Coin Utility Grows as Massive FXRP Inflows Hit Flare

Crypto expert X Finance Bull highlighted that there is currently over 107 million FXRP, which is now locked up on the Flare Network. He also said this could potentially give the altcoin a push in the short-term future. This comes as continues to struggle amid the crypto market crash.

“Bullish for XRP: more utility, more demand, more tokens locked and removed from circulation. Bullish for FLR: every FXRP locked requires Flare infrastructure,” he said.

Source: X

The new inflows also come at a time when the Flare Network announced that it has partnered with Morpho and Mystic to launch modular lending for XRP. The implications for the Ripple coin are huge. Utility means increased demand.

The tokens being removed from the circulating supply when they are deposited into the FXRP vaults, together with the increased participation in the DeFi space, provide a fundamentally bullish picture for the coin.

Source: https://coingape.com/xrp-news-xrpl-set-to-add-options-trading-for-investors-amid-major-upgrade/