BitMEX, one of many main cryptocurrency exchanges, has caused important buzz inside the XRP neighborhood with a cryptic put up teasing a Ripple-linked announcement.
The alternate has said that its announcement can have “a ripple impact” in the marketplace, tagging the San Francisco-based blockchain agency.
It’s price noting that the put up comes simply days earlier than the launch of CME Group’s regulated XRP futures, which is slated to happen Could 19.
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The alternate launched a perpetual swap on the XRP token (XRPUSD) again in February 2020.
BitMEX is, after all, referred to as some of the distinguished derivatives exchanges. It additionally launched a spot alternate again in Could 2022.
Some commentators consider that the announcement might be associated to Ripple USD, the red-hot stablecoin that launched in late 2024. The dollar-pegged cryptocurrency has already been listed on a number of cryptocurrency exchanges.
XRP’s underwhelming value motion
A number of commentators are seemingly displeased with XRP’s reasonably underwhelming value motion. After occupying headlines with its monumental rally within the fourth quarter of 2024 and early 2025, the cryptocurrency is struggling to revive its momentum.
The XRP value has been flat over the previous week, including a mere 0.3% over the previous week. Many XRP holders consider that BitMEX’s much-hyped announcement (no matter it’s) will even have little affect in the marketplace.
As reported by U.Today, Ripple lately skilled a major authorized setback, with a district courtroom denying a joint movement for an indicative ruling and seemingly rejecting the concept of rubber-stamping the settlement settlement that was reached with the SEC. The event was described as a “curveball” by pro-XRP analyst John Deaton.
