The prominent cryptocurrency trading platform, Coinbase pro has just announced the launching of the seven new cryptocurrency order books for trading on its platform. XRP-GBP is amond the pair that will be added for trading on its platform starting from the 21st of July 2020.
Other new order books that will be added for trading on the platform include ALGO-EUR, LINK-EUR, XRP-GBP, ALGO-GBP, LINK-GBP, and XTZ-EUR. The crypto trading company said trading will kick start on or before 7AM pacific time on the 21st of July, with post-only mode.
However, the crypto trading platform assured that it will proceed to full time trading once its metrics for a healthy market are met.
XRP and Ethereum Pptions Launched on Binance
In a similar development Ripple native token, XRP, and Ethereum (ETH), have been listed for trading on one of the major cryptocurrency trading platform, Binance, barely after a month the platform launched option trading for Bitcoin.
XRP option and Ethereum option are now available on Binance.com, this is according to a blog post statement made by the Binance CEO Changpeng Zhao.
The CEO explained that option contracts is an anticipated product that will allow investors and miners in the crypto space effectively purchase insurance, and as well allow speculators take advantage of the market movement.
However, Options are investment contracts that give investors the right and no obligation to buy and sell assets for a particular price over a specified period.
Binance did forget to issue a note a warning that Option contracts could be very risky, reiterating that there is no guarantee that an investors will realize maximum profit from his purchased option after premium deduction, nonetheless a few percentage of the investors will record higher profits.
