XRP Futures Now Live on Crypto.com, Offering US Traders New Profit Opportunities

XRP Expands Futures Listing on Crypto.com

Singapore-based cryptocurrency exchange Crypto.com has announced the expansion of its futures offerings to include XRP contracts. According to U.Today, XRP is now available for trading through the UpDown Options feature on the Crypto.com app. This marks a significant milestone for XRP, joining other major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin in this regulated derivatives product. The UpDown Options allow traders to profit from market movements in either direction, providing greater flexibility. Currently, this feature is available exclusively to users in the United States. With XRP's recent price volatility, this addition is expected to attract more futures traders.

Pi Network Mainnet Faces Another Delay

The much-anticipated launch of the Pi Network Mainnet has been delayed once again, now rescheduled for February 28, 2025. As reported by Brave New Coin Insights, this delay has caused frustration among users, with concerns about its impact on Pi Coin's potential listings on major exchanges. Despite the setback, Pi Network has achieved a milestone by successfully verifying 10 million users through its KYC process. The developers are working to meet the final condition for the launch, which requires at least 100 decentralized applications to be ready. Currently, 80 to 85 applications are available, and the team is pushing to close the gap. Speculation about Pi Coin's exchange listings continues, with reports suggesting interest from Binance and OKX.

MEXC Celebrates Bitcoin's Milestone

MEXC, a global cryptocurrency exchange, is celebrating Bitcoin's journey from $1 in 2011 to over $100,000 in 2024 with a "Buy BTC for $1" trading event. According to Markets Insider, the event runs from February 9 to 12, 2025, and features a prize pool of 350,000 USDT. Eligible users can participate in the event through Futures trading on the MEXC platform. Tracy Jin, Vice President at MEXC, highlighted Bitcoin's role as a cornerstone of crypto investment and the exchange's commitment to creating unique opportunities for users. In 2024, MEXC achieved significant milestones, including listing over 3,000 tokens and distributing $136 million in rewards through airdrop events.

Uniswap Sees Record Surge in Accumulation

Uniswap (UNI) has experienced a significant surge in accumulation, with over $54 million worth of UNI withdrawn from exchanges in the first week of February. AMBCrypto News reports that on February 4, a record daily accumulation of $25.16 million was recorded. This activity suggests strong interest from long-term investors taking advantage of discounted prices. Uniswap recently launched its V4 version, which introduces improved capital efficiency and token swapping routes. However, analysts believe it may take several months for the new version to surpass the current V3 in terms of funds and volume. On the price front, UNI is down 54% from its December high but could rally to $15-$20 in the medium term if key levels hold.

South Korean Crypto Exchanges Face Decline

South Korea's cryptocurrency exchange industry has seen a 26% decline in the number of registered virtual asset service providers over the past year. Brave New Coin Insights reports that only 31 exchanges remain active, down from 42 in the previous year. Smaller firms, particularly token-only platforms without fiat trading support, have struggled to sustain operations due to regulatory pressures and banking restrictions. The Financial Intelligence Unit (FIU) has warned that more closures could follow. Meanwhile, Upbit, one of the largest exchanges in South Korea, faces potential sanctions for alleged non-compliance with AML and KYC regulations. Despite these challenges, the Bitcoin kimchi premium in South Korea has surged, reflecting strong local demand for crypto.

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