Crypto
Derive Adds XRP Options Trading with FXRP Collateral
Derive has made it possible for XRP holders to use FXRP as collateral for trading options, perpetual futures, and spot trades. This integration settles XRP options in USDC, keeping XRP on the XRP Ledger while providing a permissionless market for yield generation and risk management.
The move extends Flare's XRPFi ecosystem, offering more sophisticated financial tools to XRP holders beyond regulated futures markets like CME. Traders must manage margin and funding risks, but this development marks a significant step in making XRP more programmable and accessible for decentralized finance.