XRP News: OSL HK Opens Retail Trading as XRP Price Rises, OI Falls
Key Insights:
- Latest XRP news shows that OSL Hong Kong has opened retail XRP trading, giving local users access to XRP with USD and HKD trading pairs.
- XRP price has moved up even as open interest has dropped, showing many short traders are leaving the market.
- Some analysts believe Ripple Coin still looks weak on higher timeframes despite the latest price gain.
XRP news is back in focus after OSL Hong Kong opened retail XRP price trading on July 29. The launch gives everyday investors in Hong Kong a regulated way to buy and sell the token. At the same time, XRP price has moved higher even though open interest has fallen, while some traders still believe Ripple Coin looks weak on the bigger charts.
XRP News: OSL HK Opens Retail XRP Trading
OSL Digital Securities has opened retail XRP trading in Hong Kong, becoming the first platform licensed by the Securities and Futures Commission (SFC) to offer direct spot trading for everyday investors.
The company announced that users can trade XRP/USD via Flash Trade, while XRP/USD and XRP/HKD are available through its over-the-counter (OTC) service. All trades are settled on the XRP Ledger.
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