XRP Holders Gain On-Chain Options Trading via Flare Integration
XRP traders can now post FXRP as collateral to trade options on Derive, skipping centralized exchanges entirely.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- Derive integrated Flare's FXRP as collateral for options trading.
- XRP holders can now hedge or speculate directly on-chain.
- The move eliminates the need to deposit funds with centralized exchanges.
XRP holders can now trade options on-chain using Flare's FXRP token.
DeFi protocol Derive added FXRP as accepted collateral. That gives XRP investors a direct path to hedge positions or speculate on price action without shipping assets to a centralized exchange. Custody stays on-chain.
Why it matters
Trading XRP options traditionally meant surrendering tokens to centralized order books. This integration cuts out that counterparty risk. Investors get access to institutional risk-management tools and speculative trades while holding onto their private keys.
Source: Decrypt
Top Crypto Casinos Right Now
🇯🇵 Showing sites that accept players from Japan Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-facing book that pays a premium for crypto deposits: 125% against 100% for cash, with fee-free deposits across five coins.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: Phemex is a derivatives-first venue for Europe, Asia and Latin America. Good engine, mid-size liquidity, and a blocklist that grew in 2025.
- Online since
- 2019
- Licence
- Seychelles
- KYC
- Required
Restricted countries: United Arab Emirates, Afghanistan, Australia, Belgium, Bermuda, Belarus, Ontario (Canada), China and 18 more.
More info Less info
Why we chose it: BetNow's casino floor with the biggest match bonus we list. The 200% headline deserves a careful read of the code terms behind it.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
Mia Chen
Mia digs into DeFi and on-chain data, translating protocol mechanics into plain English for everyday readers.
