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HomeCryptocurrencyCronos-based Derivatives Platform Adds Support for XRP. Here's the Significance

Cronos-based Derivatives Platform Adds Support for XRP. Here’s the Significance

Fulcrum Finance, a decentralized perpetual exchange, recently announced new support for XRP on its platform.

According to a tweet, the top Decentralized Exchange (DEX) platform has newly incorporated a highly requested XRP trading pair that can enable users up to 75x leverage.

Read Also: Lawyer Pinpoints Why Uphold Keeps Trading XRP in the U.S. Despite Ripple-SEC Lawsuit

The XRP community members welcomed the latest development with a lot of excitement as it promises users many opportunities and other advantages to maximize profits in the crypto space.

Expected Potential And Advantages Of Fulcrum Finance Latest InnovationĀ Ā 

One key feature that will be crucial for crypto users is the perpetual nature of the trading pair, which ensures that traders are permitted to maintain their positions indefinitely without having to think of possible expiration dates or rolling over contracts.

Also, by participating in Fulcrum Liquidity Pool (FLP) which entails supplying XRP tokens, holders can contribute to the DEX platform’s liquidity, which enables a smooth trading experience for every participant.

In addition, Fulcrum Finance offers a seamless swapping experience for XRP users within the liquidity pool and at a minimal transaction charge. The seamless swap operation will provide users with the best solutions to manage their XRP holdings. Overall, the Fulcrum Finance initiative aims at developing a working trading atmosphere that rewards liquidity providers for their immense contributions.

Read Also: Forbes Contributor Shows How SEC Overstepped Its Boundaries In Lawsuit against Ripple

Will The Lawsuit Affect The Incorporation Of the Fulcrum Finance Initiative?Ā 

We earlier mentioned the concept of Fulcrum Finance as a DEX platform, implying that the SEC will not pose much of a threat to initiating the Finance Fulcrum idea.

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However, while we anticipate a final ruling from the court, several exchanges based in the US, especially the centralized ones, would finally relist XRP on their various trading platforms on the condition that the legal procedure favors Ripple.


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Chinedu Agbakwusi
Chinedu Agbakwusi
Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchainĀ inventions.
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