May 23, 2024

A prominent Wall Street financial expert, Linda Jones, explains XRP’s growing bullish momentum. She recounted possible implications of Coinbase’s recently approved XRP derivative contracts on XRP price.

She highlighted the need for sustainable bullish moves from XRP holders with increasing institutional interest in the asset.

Jones Explores The Implication Of Growing Institutional Interest In XRP Trading

According to her recent post on the X platform, Jones explores the spike in institutional access to XRP. She noted that Coinbase adding perpetual futures contracts for trading XRP for non-US institutional customers means“XRP is very bullish.”

Notably, Coinbase has taken a more profound step in its optional services to clients. In May, the crypto exchange secured a license to provide futures contracts to non-US institutional customers. Also, it received another license after four months to include retail investors in its futures contracts.

The licenses birthed Coinbase’s recent announcement, allowing perpetual futures trading for non-US users via the Coinbase Advanced platform. The exchange selected four crypto assets, including XRP, as its starting point in the new development.

Additionally, Jones reacted to Coinbase’s secrecy about countries with approval to trade its futures contracts. Through speculation, she indicated Bermuda and the Cayman Islands as possible locations for the top investing companies.

Jones grouped Bermuda and the Cayman Islands as

the jurisdiction for hedge funds and other offshore funds.

According to Jones, the importance of futures contracts depends on their ability to withstand extreme price fluctuation amid the highly volatile crypto market. She debated that significant price trends drive investors’ interest in trading XRP as derivative contracts.

The expert’s view stems from the sentiment that investors who bet on the price action of virtual assets select those with notable volatility. Price fluctuations are the route to achieving optimal profitability in investments.

Additionally, Jones recognized the role of futures contracts in digital asset trading for investors. She said that

futures contracts allow maximum leverage and can lead to outsized profits (losses).

The Wall Street expert also considered and ranked the grade of investors participating in futures trading. She revealed that most Wall Street firms are highly interested in derivative trading, especially hedge funds.

XRP Becoming More Bullish?

Further, the Wall Street expert explained the impact of the more significant inflow from institutional funds than retail funds into the XRP market. She noted that such a trend indicates the bullish potential of Ripple despite the expected more outstanding funds from institutional investors.

Because volatility is a significant gain driver, the expert recognized that institutional investors want to join the wave for profits.

According to Jones:

This is bullish for XRP because it means the large wave of institutional money is close to coming in, and they want to trade on the volatility.

Are TikTok Coin Generators Worth It?
Aprovechando al Máximo los Regalos de Monedas TikTok
Coin Master Free Spins Myths and Facts: Unraveled
Free Avacoins in Avakin Life: The Future of Virtual Reality
Free Credits in Bingo Blitz: Where to Find Them
Coin Master Spin Hack Safety: Best Practices
genshin impact 2 6 redeem codes free primogems try hard
Free ZEPETO Zems: Insider Secrets
TikTok Coin Farming Demystified
Die Auswirkungen von TikTok-Münzen auf Ihr Profil
Coin Master Free Spins Farming Techniques: Unveiled
Avakin Life Avacoins Generator Insights: Truth vs. Fiction
The Power of Credits in Bingo Blitz: Explained
Coin Master Spins Farming Strategies: Success Tips
genshin impact offers free primogems with two new promo codes
ZEPETO Zems Hack for Content Creators
match masters free coins archives crazyashwin
Unlocking TikTok Coins: Insider Techniques
The Future of Gems in Brawl Stars: Trends and Predictions
dragon city hack cheats generator for free gems 2023
100 rubies for installing my cafe game family island help center
free hay day diamonds coins tricks apk pour android télécharger
litmatch mod apk 3 9 0 0 unlimited diamond free cheat games
myths of moonrise codes january 2023 techfornerd
kahoot generator bots understudies can as of now send crawlers to
download evony mod apk unlimited money and gems 2022
retirement survival kit funny isabel gebien
project makeover apk 2 56 1 download for android techbigs
beach buggy racing mod apk v2022 12 17 unlimited apkloo
Free TikTok Coins Today: Quick Tips

Leave a Reply

Your email address will not be published. Required fields are marked *