XRP Gets Strike Options Support on Major Exchange

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In the bustling bazaar of digital currency, where fortunes are made and lost faster than a tumbleweed in a dust storm, Crypto.com has thrown its hat into the ring. They’ve unveiled strike options for XRP, a move that has traders buzzing like bees in a wildflower field. 🐝

Now, these strike options are not your run-of-the-mill trading products. No, sir! They’re like a game of poker where you only have to answer one question: Will XRP soar past a certain price? It’s a simple “yes” or “no,” much like deciding whether to have another slice of pie at Thanksgiving. 🍰

For those brave souls who can predict the whims of the market, a correct guess means a payout. And if luck is on your side, you can cash out early—like a gambler who knows when to fold—if the asset dances in your favor before the clock runs out, which is usually about 20 minutes. Talk about a quick draw! ⏳

But wait, there’s more! XRP isn’t the only star in this crypto circus; Bitcoin (BTC) and Ethereum (ETH) are also in the lineup, strutting their stuff with strike options. It’s a veritable crypto carnival! 🎪

And let’s not forget, these options are under the watchful eye of the Commodity Futures Trading Commission (CFTC), so you can trade with a smidgen of peace of mind—like knowing your horse is well-fed before the race. 🐎

In a twist of fate, back in February, Crypto.com also rolled out up-and-down options for XRP. Unlike their strike cousins, these options play it safe, capping profits and losses by exiting trades when a certain ceiling or floor is hit. It’s like putting a safety net under a tightrope walker—nobody wants to see a fall! 🎭

For those who fancy a bet on XRP’s price rising while keeping losses in check, the up-and-down option might just be your ticket. But beware! With strike options, the sky’s the limit for both profits and losses. It’s a wild ride, folks! 🎢

And in the grand tapestry of crypto news, derivatives titan CME Group has recently launched regulated XRP futures, paving the way for the potential approval of spot-based XRP exchange-traded funds (ETFs) later this year. It’s like watching the dawn of a new era, or at least a new episode of your favorite soap opera! 📺

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2025-05-26 19:31