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In a noteworthy advancement for XRP, the digital currency positioned as number four in terms of market capitalization, Bitflyer, a prominent Japanese digital currency platform, intends to introduce XRP digital currency Contracts for Difference (CFDs). This action will permit investors to participate in trading XRP with leverage.
Contracts for Difference (CFDs) represent monetary tools, akin to derivative agreements, that empower investors to wager on the price fluctuations of digital currencies without physically possessing the fundamental asset. Moreover, CFDs permit investors to handle price uncertainty by acquiring price visibility, even if they already possess the fundamental asset. Consider it as placing a bet on if the price will increase or decrease, without the necessity to purchase or dispose of the real XRP.
Bitflyer publicized this advancement in a current social media post. In the past, Bitflyer solely provided digital currency CFDs for Bitcoin; currently, they are broadening their offerings to encompass Ethereum and XRP.
／ETH & XRPLeveraged trading coming soon＼
Bitflyer’s leveraged trading product“bitFlyer Crypto CFD”Will soon support Ethereum and XRP🙌
We will continue to improve our services and provide customers with various investment opportunities❗… pic.twitter.com/pB0u3L3tXu
— bitFlyer (bitFlyer) (@bitFlyer) February 26, 2025
This social media message, interpreted from Japanese, states: Margin trading for Ethereum and XRP will be available shortly. Bitflyer’s margin trading offering is bitFlyer Crypto CFD. We will soon commence supporting Ethereum and XRP. We will proceed to enhance our services and supply clients with diverse investment prospects.
Bitflyer is amplifying its efforts! They are on the verge of launching margin trading for Ethereum (ETH) and Ripple (XRP). Prepare yourself for the novel ETH-CFD/JPY and XRP-CFD/JPY trading combinations – it will be fascinating!
