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XRP, the sixth largest cryptocurrency by market capitalization, has secured a new listing on Gemini, a US-based cryptocurrency exchange founded by the Winklevoss twins.
Gemini announced the listing of an XRP/GUSD perpetual contract with the Gemini Foundation. The move allows users in over 30 countries to leverage their crypto to manage risk, generate returns, and gain directional exposure.
By the way, Gemini Foundation is available in select jurisdictions worldwide, excluding the US, UK and EU.
Perpetual contracts are a type of derivative that allows traders to bet on the price of an underlying asset without a set expiration date.
With the listing of the XRP/GUSD perpetual contract, Gemini Foundation now hosts four perpetual contracts, including BTC/GUSD, ETH/GUSD, and PEPE/GUSD.
Speculation about XRP listing began on January 21 after Gemini posted an intriguing tweet about XRP: “Don’t forget xrp.”
Members of the XRP community began to question the reason for Gemini's tweet, which was similar to the one he made when he was about to re-list of July.
Speculations further intensified after Gemini posted about XRP for two consecutive days, January 22 and 23.
Gemini had tweeted “excited about xrp” on January 22 and, as a follow-up to that tweet, posted “xrriving soon” on January 23. The crypto exchange later responded to his riddles, saying that XRP perpetual contracts would soon be available on Gemini. .
At the time of writing, XRP was up 1.52% over the past 24 hours to $0.52.