Huobi Launches XRP Futures Contracts – Bulls Could Be Around The Corner

The XRP army of fans receives another good news today, as their favorite project has been eyed by Huobi.

XRP futures contracts to be listed tomorrow

To be more precise, crypto exchange Huobi Global has just announced that its contract trading platform Huobi Derivative Market is preparing to launch XRP futures contracts tomorrow, March 29.

Before deciding to add XRP as well, Huobi DM was offering contracts for BTC and ETH.

Joshua Goodbody, General Counsel of Huobi’s Global Institutional team addressed the reason for creating Huobi DM:

“Cryptocurrency is a rapidly expanding and maturing market. As part of that maturation, we see more and more sophisticated investors and traders from more established financial markets looking to gain exposure, including institutional players,” he said.

He continued and explained that “At the same time, we think many experienced, successful cryptocurrency traders are looking for a broader range of investment tools that have traditionally been available. Huobi DM is tailor-made to address these sorts of needs.”

XRP price prediction: bull run on the way?

Crypto experts are expecting bulls to come for XRP as the coin enjoys a brand new listing. revealed that Ripple’s token had been listed on Taotao which is a Yahoo-backed Japanese exchange.

The exchange is scheduled for launch in May, and it also listed BTC, ETH, BCH, and LTC. All the digital assets except ETH will be available for margin trading as well.

The most important listing that XRP has bagged this year is the Coinbase listing without a doubt although it wasn’t without various problems.

If you recall, Ripple has been slammed back then for paying its way into Coinbase, but Ripple denied rumors that accused them of such foul play.

These important listings are expected to trigger a surge in price for Ripple’s digital asset. The community gets more and more enthusiastic and they hope to see price surge soon for XRP.

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *