Bitrue, a global leading digital asset trading platform, has become the largest platform for XRP futures by order book depth
The order book depth for XRP futures on Bitrue has surpassed 2,000,000 XRP at 8 levels, making it the largest centralized location for XRP futures surpassing all other major exchanges including Binance and OKX.
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Open Interest on the XRP-USDT pair now exceeds $750,000,000, driven by the astonishing performance shown by XRP within the last few weeks. Bitrue’s unique data insights also show that more than 90% of positions are long, indicating incredible bullish momentum for the world’s #3 coin.
Bitrue has long positioned itself as the premier destination for XRP enthusiasts ever since its initial launch in 2018, and has strived to incorporate XRP into all of its services. Bitrue was the first exchange in the world to offer XRP base pairs to its customers, which helped it capture a significant portion of the fervent XRP community. Since then it has continued supporting XRP through feature integrations, community initiatives, and ecosystem support.
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Interest towards XRP has surged in the last month amid growing confidence in the global regulatory landscape, leading to a 50% increase in the coin’s price and widespread optimism of soon reaching a new all-time high of $3.84
“The XRP community is growing at a rapid pace and we are incredibly happy to see that more and more consumers and institutional investors are discovering its value.” said Adam O’Neill, Chief Marketing Officer at Bitrue. “Our strategy is to provide long-tail support to blockchain projects that provide the world with genuine utility, and with XRP we are seeing this pay dividends.”
Bitrue has also supported a range of tokens building out on the XRP ecosystem, such as Flare from Flare Finance. Bitrue believes that through consistently fostering the communities of these large scale ecosystems it is able to capture a devoted loyalist userbase who will continue to use their services for years, while also serving as a continued opportunity to provide investment options in high-value coins to a worldwide audience.
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Bitrue’s futures service has been operating since September 2021 and now offers more than
500 pairs with leverages of up to 125x on select pairs. Trading volume on futures exceeds
$4.4 billion and continues to be one of the fastest growing sectors of the company’s business,
with new options added weekly.
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