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Well-known trading platform launches XRP and SOL mini futures contracts to expand Crypto Assets derivation business.
On June 28, according to reports, a trading platform launched micro futures contracts for XRP and SOL and introduced a micro version of its existing Bitcoin Friday futures. Micro futures are smaller-sized futures contracts that allow traders to speculate or hedge on price movements of assets such as stock indices, commodities, or currencies, with lower capital requirements and lower risks compared to standard futures.
A certain trading platform launched its futures products for foreign exchange, indices, commodities, and cryptocurrencies earlier this year. Its first batch of cryptocurrency futures are all cash-settled, including Bitcoin futures, micro Bitcoin futures, Bitcoin Friday futures, and ETH futures. Later, the platform expanded to include XRP and Solana futures.