Felix Pinkston
May 19, 2025 22:28
BitMEX launches RLUSD trading with a 15,000 RLUSD prize pool. Users can deposit, buy, and trade Ripple USD on the platform, enhancing trading opportunities.
BitMEX has announced the launch of trading for Ripple USD (RLUSD) on its platform, starting May 20, 2025. This new offering is available for deposit via ERC-20 and XRPL, allowing users to buy and trade RLUSD on BitMEX Spot, according to a recent announcement by BitMEX.
Incentive Campaign for Traders
To celebrate the launch of RLUSD trading, BitMEX has initiated a promotional campaign named “The Ripple Effect.” This campaign presents traders with the opportunity to win a share of a 15,000 RLUSD prize pool. Participants can engage by depositing, buying, or trading RLUSD on the platform.
Upcoming Features and Support
RLUSD will also be integrated into BitMEX’s Multi Asset Margining system, which is set to launch on May 22, 2025. This feature will enable traders to use RLUSD as margin, thereby broadening the asset’s utility within the trading ecosystem.
Broader Context of RLUSD
Ripple USD (RLUSD) aims to provide a stablecoin solution that leverages Ripple’s blockchain technology to facilitate secure and efficient transactions. This launch on BitMEX signifies a growing adoption of Ripple-based assets in the cryptocurrency market, offering traders more options for diversification.
For more details on the RLUSD spot listing and the upcoming Multi Asset Margining support, interested parties can refer to the official announcement on the BitMEX blog.
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