Binance Doubles Leverage on XRP and Ripple USD

Binance, the world's largest cryptocurrency exchange, is revising its Portfolio Margin platform parameters to increase the maximum leverage available for XRP and Ripple USD (RLUSD) from 5x to 10x.

The new limits will take effect on Friday, August 21, at 6:00 a.m. UTC, with technical work expected to take approximately 30 minutes.

This move puts XRP and RLUSD on an equal footing with major market heavyweights like BNB, SOL, ADA, and DOGE in terms of liquidity.

The increased leverage will allow traders to use RLUSD as a highly efficient collateral asset for scaling up positions in XRP itself.