Bullish: Flare launches first XRP spot market on Hyperliquid via FXRP

• FXRP/USDC becomes the first XRP-linked spot pair on Hyperliquid.
• Traders can hedge XRP perpetuals using spot FXRP on one platform.
• FXRP moves across chains while staying linked to the XRP Ledger.

Flare has launched the first XRP spot market on Hyperliquid, marking a new step in bringing the cryptocurrency into decentralized finance trading, the company said.

The listing uses FXRP, a token issued on the Flare network that represents XRP and allows it to move across blockchains while remaining linked to the XRP Ledger. Trading has begun with an FXRP/USDC pair, giving traders direct spot exposure to XRP on Hyperliquid for the first time.

Flare co-founder Hugo Philion said, “Traders on Hyperliquid can now create a delta neutral XRP position between the spot FXRP market and futures, on a single decentralised platform, whilst earning the funding rate.”

How the list…

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