The Bitcoin and XRP Price Show Positive Signs as Crypto Narratives Gain Momentum
The Bitcoin and XRP price are displaying some green on low-timeframes, indicating a positive trend. Both cryptocurrencies have managed to stay above critical levels, suggesting that they may continue their upward trajectory in the days ahead.
Coinbase Set to Launch Worldwide Crypto Futures Trading
Crypto exchange Coinbase has recently announced the upcoming launch of a derivatives platform for its international clients. This move comes as the company aims to expand its global presence amidst tightening regulatory conditions in the US.
In response to declining spot trading volumes in the crypto market, Coinbase has established an international arm to generate revenue. The exchange has obtained a license from the Bermuda Monetary Authority (BMA), allowing institutions outside the US to trade perpetual futures.
“Today, we are excited to announce that Coinbase International Exchange has received additional regulatory approval from the BMA to extend perpetual futures trading to non-US retail customers. In the coming weeks, we will begin to offer eligible customers access to regulated perpetual futures contracts on Coinbase Advanced.”
XRP Price Potential Surprise Ahead
Analyst Brett Hill believes that XRP is poised for success following its legal victory against the SEC. Hill suggests that tokens with legal support will thrive in this new era of regulation, making both XRP and Bitcoin likely winners. SEC Chair Gensler’s recent statement affirming Bitcoin’s non-security status further supports this notion.
Hill predicts that XRP could deliver a surprise within the next 48 hours, stating, “The golden age of cryptocurrency in the far west is virtually over; coming forward, everything will be regulated by white hats.”
Hot Take: Positive Momentum for Bitcoin and XRP
The Bitcoin and XRP price are showing signs of upward momentum, with both cryptocurrencies experiencing gains. Coinbase’s launch of a worldwide crypto futures trading platform is expected to attract more traders to the market, benefiting Bitcoin, XRP, and the overall industry. Additionally, XRP’s legal victory against the SEC positions it as a potential winner in the regulated era. Analyst Brett Hill suggests that XRP could surprise investors in the next 48 hours. Overall, positive narratives and regulatory developments contribute to the optimistic outlook for Bitcoin and XRP.
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