Ripple Expands RLUSD to OKX and Bullish Exchanges

Ripple has broadened access to its stablecoin RLUSD through new integrations with cryptocurrency exchanges OKX and Bullish, enabling trading and collateral use across spot, derivatives, and options markets.

The expansions, announced recently, allow OKX users to trade RLUSD against more than 280 spot pairs via the platform's unified order book, which consolidates liquidity for spot and derivatives products in a single interface. Traders no longer need to transfer funds between accounts, and RLUSD can serve as margin collateral for supported perpetual futures contracts. Deposits and withdrawals occur through the XRP Ledger, with minting and redemption processes ensuring consistent liquidity. OKX, which serves over 120 million users worldwide, stated the integration expands RLUSD's reach across global markets.

On Bullish, the stablecoin now supports Bitcoin options trading for Ripple Prime institutional clients, who can use RLUSD as collateral in crypto-settled markets. This allows position management within one account on Bullish's platform, known for significant Bitcoin derivatives open interest. The companies plan to introduce cross-venue margin functionality, enabling...