XRP (XRP) contracts are now available for UpDown 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.
UpDown Options is a CFTC-regulated crypto derivatives product that gives you the tools to capture value in all market conditions. It allows you to maximize profit and minimize losses, trade with lower costs, and hedge against price dips.
You can choose to buy or sell an UpDown Option depending on which direction you believe the market will go. Select BTC, SOL, ETH, DOGE, CRO and more as the underlying asset, with four available contracts each. UpDown Options is currently available to users in the US, but will be added to other jurisdictions soon.
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.
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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 UpDown 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.
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