Gemini Launches XRP Perpetuals for EU Traders: What You Need to Know
Gemini, a leading cryptocurrency exchange, has launched XRP perpetual contracts for its European customers, allowing traders to go long or short with up to 100x leverage and no monthly expiry. This move is expected to expand derivatives liquidity and price discovery for XRP, potentially tightening spreads and attracting market makers across pairs.
The introduction of XRP perpetuals on a regulated venue is a significant development, as it provides traders with a new way to access XRP volatility while maintaining operations within an institutional-style framework. The contracts settle in $USDC, which adds a layer of stability and security for traders. With this launch, Gemini aims to provide its customers with a fresh venue for XRP price discovery and funding-rate strategies, which tends to attract market makers and bring tighter spreads.
The impact of this launch is already being felt, with XRP recovering to above $2.3 in the last day, a 3.49% increase. Other top altcoins, including Ethereum, Solana, and BNB, have also seen significant gains, with increases of 2.8%, 3.1%, and 1.04%, respectively.
What This Means for Altcoin Rotations
The launch of XRP perpetuals on Gemini is likely to have a ripple effect on the broader cryptocurrency market, particularly for altcoins. As traders start hunting for catalysts across the rest of the board, wallet infrastructure is likely to see an upside. This is because users will be bridging, swapping, and staking while moving between trades, creating a surge in on-chain activity.
Best Wallet Token ($BEST) and Best Wallet, a non-custodial, multi-chain wallet with an integrated DEX aggregator, are well-positioned to benefit from this trend. $BEST owners will enjoy fee reductions, governance, staking boosts, and access to some of the best crypto presales on the market. With XRP perps kicking off risk-on rotations, a wallet token that monetizes swaps and presale activity is a clean way to play the flow without guessing single-coin winners.
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In conclusion, Gemini’s launch of XRP perpetuals for EU traders is a significant development that is likely to have a positive impact on the broader cryptocurrency market. Best Wallet Token ($BEST) is well-positioned to benefit from this trend, offering a smart investment opportunity for those looking to capitalize on the growing demand for wallet infrastructure. With its strong potential and current presale, $BEST is an attractive option for investors looking to get in on the ground floor of a promising project.
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Disclaimer: This is informational only. Presales and derivatives carry high risk. Always do your own research. Verify contract addresses, read official docs, and never invest more than you can afford to lose.
