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BitMex To Launch XRP Swaps On Feb. 5
Summary: BitMEX is releasing an XRP-U.S. dollar quanto swap on Feb. 5. A quanto swap is a cross-currency interest rate swap where one counterparty pays the other a foreign interest rate. When the contract expires, the notional amount gets settled in cash at a pre-defined exchange rate. These kind of swaps can be beneficial for speculators ...
BitMEX is releasing an XRP-U.S. dollar quanto swap on Feb. 5. A quanto swap is a cross-currency interest rate swap where one counterparty pays the other a foreign interest rate. When the contract expires, the notional amount gets settled in cash at a pre-defined exchange rate. These kind of swaps can be beneficial for speculators in search of liquidity and where they can post margin in their preferred currency.
