In the last two months, XRP is up more than 300%.
The resolution of Ripple’s legal problems and Trump’s victory have contributed to its rise.
Since late 2017, XRP, Ripple’s currency, has been a favorite among cryptocurrency traders. Seen as a bridge between traditional finance and blockchain technology, XRP has stood out for its speed, low cost and scalability. This has made it the preferred tool for cross-border payments. With its unique advantages and ever-growing ecosystem, XRP remains a key player in the blockchain revolution.
On the other hand, XRP legal hurdles are being resolved gradually, especially with the Trump administration’s favorable stance on cryptocurrency policy. According to official reportsRipple CEO Brad Garlinghouse had dinner with newly elected US President Donald Trump and Ripple Chief Legal Officer Stuart Alderoty at Mar-a-Lago. This meeting undoubtedly provides strong support for XRP, marking a major positive step for the asset.
Since November 2024, XRP has surpassed its all-time low, going from $0.50 to $2.46 (at time of writing). This reflects a notable increase of 392%.
With such a promising asset, selecting the right exchange to trade on is crucial. Particularly in the US market, where many platforms have delisted XRP, BYDFi stands out with its unique advantages, becoming the preferred platform for XRP traders. And there are several reasons for this.
Trade XRP with low commissions
Transaction fees are a critical factor when choosing an exchange platform. BYDFi has a very transparent fee structure with no hidden charges, which is highly competitive in the market.
BYDFI fees compared to other spot exchanges:
BYDFI fees compared to other perpetual contract exchanges:
High-volume, high-frequency trading requires extremely low transaction fees, greatly reducing the cost. Therefore, for frequent XRP investors, BYDFi would save them a lot in commissions and would help increase your investment returns. Even in times of strong market volatility, the competitive advantage of its low fees can effectively minimize the cost of trading on BYDFi.
Market Depth and Liquidity: Ensuring the Speed and Accuracy of XRP Order Execution
Liquidity is crucial to ensure fast operations and minimize slippage, especially during market fluctuations. The BYDFi platform brings together a large number of XRP traders, ensuring market depth through its liquidity. When trading XRP on BYDFi, even large transactions can be executed quickly with minimal slippage.
The core of BYDFi is the Trading Matching System, which is essential to ensure liquidity within the system. An efficient trading engine deployed on this platform works to optimize the speed and accuracy of order matching. Therefore, XRP trades are executed quickly and accurately, even in those times when the market shows high volatility.
Innovative contract features: improving asset efficiency and business flexibility
BYDFi is not a spot trading platform, but rather offers a variety of derivatives trading options, including perpetual contracts and leveraged tokens. The latest update to the perpetual contracts system at BYDFi has introduced three innovative features that will make XRP trading more flexible and efficient:
- Unrealized gains for new positions: Users can use unrealized profits as margin to open new positions, improving capital efficiency.
- Coverage function in bidirectional positions: Compared with the previous two-way position mode, the new hedging function allows users to hold long and short positions on the same trading pair simultaneously, making it easier to hedge risks.
- Cross margin mode with shared funds in the account– Funds pooled in this account will serve as mutual support for multiple positions automatically. This avoids problems caused by uneven distribution and settlement due to manual operation.
Furthermore, BYDFi offers a wide range of trading bot features, such as automatic investment strategiesMartingale and grid tradingwhich help users automate their investment process, improve trading results and manage their account assets comprehensively.
The security of your funds comes first
BYDFi has always strictly adhered to relevant regulatory frameworks around the world and has strived to provide users with a transparent and compliant trading environment.
In addition to dual MSB licenses in the United States and Canada, BYDFi recently joined the CODE VASP Alliance from South Korea and integrated the Travel Rule compliance solution, fully aligned with the latest AML regulation.
The platform has implemented multiple protection measures for the security of funds, including:
- Wallet Security: Digital assets are stored in offline cold wallets to avoid single points of failure and the risk of breaches. Multi-signature technology is used to improve security in fund management.
- Engine safety: The trading engine is optimized with the KDB+ programming language, ensuring fast and efficient execution of trades, particularly suitable for high-frequency trading.
- Two-factor authentication and phishing protection: BYDFi provides users with two-factor authentication (2FA) and strengthens anti-phishing measures to prevent account theft.
Easy-to-use interface and 24/7 multilingual support
BYDFi features a simple and intuitive user interface, with a clear and fluid trading process, ensuring that even novice users can easily navigate the platform and quickly complete XRP purchases, sales or transfers. The platform is available in more than 20 languages and is committed to providing 24/7 multilingual support to global investors.
BYDFi currently offers a generous welcome bonus of 8,100 USDT to new users. To learn more and claim your reward, visit the official website from BYDFi or download the application BYDFi.
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