- bitFlyer is adding XRP leveraged trading with up to 2x leverage on its Crypto CFD platform.
- The move aligns with Japan’s growing interest in XRP.
Japan-based cryptocurrency exchange bitFlyer has announced the upcoming launch of XRP leveraged trading on its bitFlyer Crypto CFD platform. The new XRP leverage capability enables traders to operate their investments at 2x leverage levels, thus maximizing capital utilization and permitting trading during market uptrending or downtrending conditions.
Through this development, bitFlyer executes its product expansion strategy to create new capabilities for the entry into the cryptocurrency market. XRP represents one among three leveraged trading options that bitFlyer offers, which also include Bitcoin (BTC) and Ethereum (ETH).
Expansion of bitFlyer’s Crypto CFD Offerings
bitFlyer’s Crypto CFD platform allows traders to engage in leveraged trading by depositing margin and speculating on price movements without holding the underlying asset. With the introduction of XRP-CFD/JPY trading, users will gain an additional option beyond the previously available BTC-CFD/JPY and ETH-CFD/JPY pairs.
Users can amplify their capital usage using a 2x leverage ratio to seize price movement potentials simultaneously. The trading platform also allows users to open short positions so they can profit from declining market conditions.
Since 2012, BitFlyer has been the leading platform for Bitcoin trading volume in Japan for nine continuous years. BitFlyer enhances its position in crypto derivatives trading while eliminating trading fees, but distinct costs apply to leverage and funding rate services.
XRP-leveraged trading by bitFlyer proves that Japan’s cryptocurrency market shows a growing appetite toward XRP. The Japanese energy company Remixpoint invested $3.9 million in XRP and Dogecoin as part of its recent strategic purchase. The company currently possesses $2.63 million worth of XRP and $1.31 million worth of Dogecoin, while the market absorbs these investments as part of its escalating crypto adoption trend.
Increasing Demand for XRP in Japan
GAM Investments suggested an XRP repurchase plan for SBI Holdings, which would involve SBI spending its funds to acquire XRP on the market. The proposal advances shareholder value by transforming SBI’s net asset value worth JPY 3.9 trillion into an improved representation.
The adoption of XRP continues through SBI Holdings, which uses its financial subsidiary, SBI Remit. The company started operating an international remittance system with XRP transactions in 2023 to send funds to Vietnam and the Philippines. The project targets expense reduction along with increased processing capability and aims to reach new nations and transaction types during its future development.
bitFlyer remains one of Japan’s most established cryptocurrency exchanges, consistently expanding its trading services to meet market demand. XRP leveraged trading represents a strategic expansion for the exchange to offer multiple trading options to address the rising demand for digital assets.
BitFlyer’s regulatory compliance approach and customer-oriented business strategy, which position it among the industry leaders, support the crypto market expansion in Japan. XRP leveraged trading expands the exchange’s capability to serve users who want to access advanced trading features for exposure in the dynamic crypto landscape.
