Notably, there’s a substantial update regarding XRP, the fourth-largest digital currency. It has been announced that the prominent Japanese cryptocurrency platform, Bitflyer, intends to introduce a Contracts for Difference (CFD) for XRP. This move will enable traders to engage in leveraged trading of XRP.
As an analyst, I can explain that Contracts for Differences (CFDs) function similarly to derivatives contracts, serving as a tool for traders to venture into the price fluctuations of cryptocurrencies without physically holding these digital assets. Furthermore, CFDs offer a method for managing price risk, especially for those who already own the underlying cryptocurrency asset.
In a recent tweet, Bitflyer announced an expansion of their services. Previously, they only provided CFDs for Bitcoin, but now they will also offer these for Ethereum (ETH) and Ripple (XRP).
In the coming days, bitFlyer will start handling Ethereum (ETH) and Ripple (XRP) in its Leveraged Trading product, “bitFlyer Crypto CFD.” We are committed to expanding our services and providing various investment opportunities for our customers! 💼✨
— bitFlyer（ビットフライヤー） (@bitFlyer) February 26, 2025
BitFlyer is introducing leveraged trading for Ethereum (ETH) and Ripple (XRP) in the near future. Our product, ‘bitFlyer Crypto CFD,’ allows for this type of trading. We plan to begin offering ETH and XRP leverage trading soon. As always, we strive to enhance our services and offer diverse investment options to our customers.
Through an official announcement, Bitflyer has announced plans to offer margin trading for Ethereum (ETH) and Ripple (XRP) in the near future. At present, Bitflyer Crypto CFD supports the BTC-CFD/JPY pair. However, with the introduction of ETH and XRP trading, new pairs such as ETH-CFD/JPY and XRP-CFD/JPY will also be available.
XRP Ledger receives major advancement
Starting from September, Ripple, along with the community, plans to introduce a feature allowing open-ended programming capabilities to the XRP Ledger (XRPL), making it more accessible.
Based on our objective, various Virtual Machine (VM) alternatives for XRP Ledger programmability have been explored over the last few months. It was found that Web Assembly (WASM) is the most suitable choice for the XRPL due to its ability to strike a balance between flexibility, speed, and integration more effectively than other options.
In a previous statement, David Schwartz, Ripple’s Chief Technology Officer, highlighted that their strategy for incorporating programmability is gradual and incremental, rather than diving headfirst into it. Now, in a blog post, RippleX has unveiled “Extensions” as the initial phase of this step-by-step approach.
The XRPL EVM sidechain will function as an additional component to the XRPL, providing an extra functionality, but it does not replace the primary programming capabilities of the mainnet.
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2025-02-26 18:38