XRP Derivative Trading Training

Japan-based Crypto Exchange Bitflyer has announced the addition of XRP leveraged trading to the Bitflyer Crypto CFD platform.

In the announcement, the exchange noticed that XRP utilisation transactions will soon be made public. This allows traders to take advantage of XRP price movements with up to twice the leverage. This increases capital efficiency and provides the ability to profit from both upward and downward markets.

According to the announcement, the addition is part of Bitflyer’s strategy to expand and diversify product offerings, increasing opportunities for customers to participate in the crypto market.

Bitflyer Crypto CFD XRP

In particular, Bitflyer’s Crypto CFD platform allows users to trade leverage by depositing margins and inferring crypto price movements without owning the underlying assets. This product allows for up to twice as much leverage and allows for efficient capital use.

Furthermore, the ability to acquire short positions means that traders can make a profit even if prices drop. Previously, Bitflyer supported BTC-CFD/JPY trading. Currently, we are expanding our products with XRP-CFD/JPY and ETH-CFD/JPY pairs.

The exchange is proud to have achieved Japan’s No. 1 Bitcoin trading volume for the ninth year in a row. It aims to strengthen its position in crypto derivatives by providing traders with a fee-free trading experience. However, additional leverage points and funding rates will be charged separately.

Increased interest in XRP in the Japanese market

The move to add XRP to leveraged trading platforms is consistent with growing interest in XRP in the Japanese crypto market.

Two weeks ago, Crypto Basic reported that Japanese energy company RemixPoint had purchased XRP and $3.9 million worth of DogeCoin as part of its strategy to enter the Crypto market.

The company currently holds $2.63 million in XRP and $1.31 million in DogeCoin. Its total Crypto holdings, therefore, reached $59.1 million, a significant increase from March 2024, at just $446,500.

In December, Gamevestments proposed an XRP buyback program to SBI Holdings. This proposal suggests that SBI will use cash flow to buy back XRP from the market. GAM believes this will unlock a significant shareholder value and better reflect the true net asset value of SBI.

Meanwhile, in 2023, SBI Remit launched a remittance service using XRP to countries such as Vietnam and the Philippines. The initiative aims to reduce costs and improve scalability with plans to expand to more countries and trade types.