RLUSD now available as collateral for derivatives on BitMEX.
Spot trading launched May 20; margin support from May 22.
Promotional campaign offers 15,000 RLUSD prize pool.
BitMEX has become the first major crypto exchange to accept RLUSD margin—Ripple’s USD-pegged stablecoin—for collateral on its derivatives platform. This new feature allows users to use RLUSD to trade perpetual and futures contracts, expanding the choices available beyond traditional crypto assets like BTC, ETH, and USDT.
The listing of RLUSD began with spot trading on May 20, 2025. By May 22, BitMEX integrated RLUSD into its Multi-Asset Margining system, enabling users to use the stablecoin as margin.
Why It’s a Game Changer
Increased Flexibility: Traders now have the option to use RLUSD, a USD-backed asset, to manage volatility and protect their holdings while participating in derivatives markets.
Regulated and Transparent: RLUSD is issued by Ripple’s subsidiary, Standard Custody & Trust Company, and is fully backed 1:1 with U.S. dollars, offering monthly reserve attestations.
Supports Multiple Chains: RLUSD is available on both Ethereum and the XRP Ledger, increasing its accessibility and use cases.
Promotional Campaign
To drive adoption, BitMEX launched a “Ripple Effect” campaign with a 15,000 RLUSD prize pool. It includes:
Deposit and Buy: Early participants depositing RLUSD can win from a 4,000 RLUSD pool.
Margin Trading Challenge: The first 200 traders reaching $20,000 in trading volume using RLUSD margin share 7,000 RLUSD.
Hold-to-Earn: Users holding at least 5,000 RLUSD during snapshot periods will share 4,000 RLUSD.
These incentives aim to boost RLUSD trading and showcase its practical benefits in margin use.
NEW: BitMEX becomes the first exchange to accept $RLUSD as margin on its derivatives trading platform. pic.twitter.com/ooATy5DD9t
— Cointelegraph (@Cointelegraph) July 3, 2025
Future Outlook
BitMEX’s move to integrate RLUSD margin marks a broader shift toward greater stablecoin utility in derivatives trading. As regulatory clarity grows and stablecoins like RLUSD gain trust, more exchanges might follow suit, expanding user options across crypto platforms.
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