How XRP Price Could Plunge to Fresh Lows With BitMEX’s New Swap Launch

On January 23rd, leading Bitcoin derivatives exchange BitMEX revealed its intent to launch a new financial product for XRP. In a blog post, the company said that this product would be a “Ripple USD quanto swap,” which will allow traders to leverage trade the cryptocurrency with leverage of up to 50x.
According to a recent Twitter update from the cryptocurrency exchange, the XRP swap contract is on track to launch at 04:00 UTC on February 5th, 2020 — just a day away.We at B