Gemini Announces Launch of XRP Perpetual Contracts: A Closer Look

• Gemini Unveils Mystery Behind Cryptic Tweets: Perpetual Futures Contracts for XRP
• Gemini's Mysterious Tweets Stir Interest
• Riddle from Gemini Piques Curiosity
• Speculation Ends: Gemini to Allow Leveraged Futures Trading on XRP

Gemini Unveils Mystery Behind Cryptic Tweets: Perpetual Futures Contracts for XRP

Gemini, the renowned cryptocurrency exchange, has put an end to speculations following a sequence of cryptic tweets that seemed to hint at XRP$0.620 -1.68%. The exchange revealed its intentions to launch perpetual futures contracts that will track the token's price.

Gemini's Mysterious Tweets Stir Interest

In recent times, the exchange has been sharing a series of tweets that made references to the letters "X" and "R," hinting at XRP. The cryptic tweets also acknowledged the coin directly at times. These insinuations implied imminent support for XRP, especially considering that Gemini had delisted XRP in 2020 due to regulatory issues.

Riddle from Gemini Piques Curiosity

The most recent tweet from Gemini was in the form of a riddle that challenged its followers. The riddle read, "In the land of giants, I'm swift and small, when I run I don't stall. Across borders, I freely roam, in markets near and far from home. What am I? The answer will be posted in 24 hours." This cryptic message led to further speculations regarding Gemini's plans for XRP.

Speculation Ends: Gemini to Allow Leveraged Futures Trading on XRP

Ending all rumors, Gemini confirmed that it planned to reintroduce an XRP trading pair by allowing leveraged futures trading on XRP. This move marks the reestablishment of ties between Gemini and XRP, the first such development since the past three years. Earlier, due to regulatory uncertainties, Gemini, along with other prominent exchanges, had severed their relationships with Ripple and XRP. However, consistent legal victories have mostly eradicated these hurdles, paving the way for the resumption of mainstream services.

Edited by Jonathan Stoker