XRP Contracts Are Now Available for Strike Options

Potentially profit from XRP’s price movements with a straightforward yes/no prediction

XRP (XRP) contracts are now available for Strike Options in the Crypto.com App, in addition to Bitcoin (BTC), Solana (SOL), Ether (ETH), Dogecoin (DOGE), Cronos (CRO), Shiba Inu (SHIB), Litecoin (LITE), and more. 

Strike Options are a CFTC-regulated crypto derivatives product that allows you to potentially profit by predicting whether the price of an underlying asset will be higher than the strike price at expiry.

Trades are expressed as straightforward yes/no decisions, where selecting ‘Yes’ is a prediction that the underlying asset will exceed the strike price, and choosing ‘No’ predicts it will not. You can trade with as little as US$10, and change your position anytime during a 20-minute period. That’s really all there is to it.

Strike Options are currently available for users in the US, with other jurisdictions to come soon. Watch this space.

About XRP

XRP (XRP) is a digital asset that is native to the XRP Ledger — an open source, permissionless, and decentralized blockchain. Created in 2012 specifically for payments, XRP can settle transactions on the ledger in less than five seconds.

Useful Resources:

• University article about Strike Options
• Strike Options introduction video
• Strike Options launch announcement 
• Strike Options FAQ

Don’t have the Crypto.com App yet? Download it here.

Disclaimer:Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for US users only, who must first become a Member of CDNA prior to trading Strike Options on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation, or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to US regulatory oversight by the CFTC.