BitMEX will launch XRP permanent swap contract on February 5th, with leverage up to 50 times

According to Theblock, cryptocurrency exchange BitMEX will launch XRP permanent swap contracts on February 5. The product was first released in January. According to the information on its website, the XRP / USD contract will provide up to 50 times leverage. The exchange states that all margins are issued in bitcoin, which means that traders can only use bitcoin to go long or short the contract.