Flare Network Launches First Spot Trading for XRP with FXRP on Hyperliquid
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Spot Trading Innovation: Flare Network has launched FXRP trading on Hyperliquid, marking the first-ever spot trading for XRP, which significantly enhances user trading flexibility by breaking the previous limitations of perpetual contracts.
- Infrastructure Breakthrough: Due to XRP's incompatibility with the Ethereum Virtual Machine, Flare developed FXRP as a LayerZero Omnichain Fungible Token, ensuring that wrapped XRP is issued at a 1:1 ratio for trading on Hyperliquid, thereby enhancing interoperability within the DeFi ecosystem.
- Bridge Functionality Coming Soon: Flare announced the upcoming launch of a dedicated FXRP bridge, enabling users to withdraw FXRP to the XRP Ledger with one-click via Flare Smart Accounts, further simplifying user experience and enhancing liquidity.
- Market Potential Unleashed: The introduction of FXRP not only provides a new dimension for XRP trading but also has the potential to attract more users into the DeFi ecosystem, positioning Flare Network more favorably in a competitive market.
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.
