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FXRP logs into Hyperliquid, XRP spot trading adds a new platform
【ChainNews】The Flare ecosystem has made new progress. Its FAssets system has officially launched the FXRP token on Hyperliquid, marking the first time XRP is traded in spot form on the platform. Previously, Hyperliquid only offered perpetual contracts for XRP; now with the addition of the spot option, users have an extra trading choice.
Regarding FXRP itself, it is a cross-chain asset anchored 1:1 with XRP and can circulate across different public blockchains, which means users can enjoy greater liquidity and usability. Most interestingly, it will later be possible to directly redeem FXRP to the XRP mainnet with a single click via Flare smart accounts. This design makes the transfer between cross-chain assets and native assets smoother. It seems Flare has put considerable effort into expanding XRP’s use cases.