- BitMEX’s teaser with Ripple tag stirs speculation just before CME’s launch of regulated XRP futures on May 19.
- The exchange may be hinting at new support for Ripple USD, Ripple’s stablecoin that launched in late 2024.
- XRP has remained flat despite community buzz, following Ripple’s legal motion setback in its SEC case.
Cryptocurrency derivatives exchange BitMEX has caught the attention of the XRP community with a cryptic social media post. The exchange mentioned a market-moving announcement expected to have “a ripple effect,” while tagging Ripple Labs. The timing of this post is particularly notable, as it comes just days before CME Group is set to launch its regulated XRP futures product on May 19.
The teaser immediately sparked speculation across the crypto space. Several analysts believe BitMEX may be preparing to integrate Ripple USD, the stablecoin Ripple launched in late 2024. This stablecoin has already appeared on several trading platforms, though BitMEX has yet to confirm any listing or related product.
BitMEX’s past XRP engagements
BitMEX has maintained a presence in the XRP market since February 2020 when it introduced an XRPUSD perpetual swap. In May 2022, the platform expanded into spot trading, further diversifying its offerings. The latest post could suggest another expansion or product release involving Ripple or its tokens.
Despite the buzz, XRP’s price has shown little momentum. The cryptocurrency has added only 0.3% over the past week, following a strong rally late last year and early into 2025. The market reaction to BitMEX’s teaser has been mixed, with some XRP holders expressing doubt that the announcement will significantly impact the token’s value.
Ripple’s recent legal challenge has also drawn attention. A U.S. district court denied a joint motion for an indicative ruling in the company’s ongoing case with the SEC. The rejection of the proposed settlement was described as a setback by several legal commentators, affecting market sentiment.
