Bybit Introduces Ripple's RLUSD: A Significant Development for Spot Trading
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Bybit's Listing of RLUSD: Bybit has listed Ripple's RLUSD for spot trading, enhancing its liquidity and integrating it with BlackRock and VanEck's tokenized funds, featuring trading pairs like RLUSD/USDT and RLUSD/XRP.
Market Impact and Activity: The listing has led to a significant increase in market activity, particularly in XRP, with a notable rise in XRP open interest to $1 billion, indicating heightened investor interest and trading dynamics.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
