Ripple Expands RLUSD Access Through OKX and Bullish, Enabling Spot, Derivatives, and Bitcoin Options Trading

Ripple has expanded access to its stablecoin RLUSD through new integrations with OKX and Bullish, enabling trading across spot, derivatives and options markets. The rollout is designed to increase RLUSD availability for both retail and institutional participants.

RLUSD launches on OKX for spot and derivatives

OKX has listed RLUSD for spot trading across more than 280 trading pairs. Traders can access these pairs through OKX’s unified order book system, which allows users to trade spot and derivatives products without moving funds between accounts.

OKX also supports RLUSD as margin collateral for supported perpetual futures contracts. The exchange said deposits and withdrawals are available through the XRP Ledger, and Ripple noted that minting and redemption processes help maintain liquidity for active trading.

OKX stated it serves more than 120 million users worldwide, adding that the integration broadens RLUSD access across global markets. Ripple said, “Demand for RLUSD continues to rise among crypto-native and institutional users.”

RLUSD growth since December 2024

Ripple launched RLUSD in December 2024 as a regulated digital dollar stablecoin. Since then, Ripple said RLUSD has reached a market capitalisation exceeding $1.6 billion. Ripple continues to position the token for use in leveraged trading strategies.

Bullish adds RLUSD to Bitcoin options for Ripple Prime clients

Bullish integrated RLUSD into its Bitcoin options trading services for Ripple Prime clients. Institutional users can use RLUSD as collateral in crypto-settled Bitcoin options markets, allowing clients to manage positions within a single account.

Bullish said it operates a large Bitcoin derivatives platform measured by open interest. The addition of RLUSD provides another collateral choice for institutions trading options, and executives said demand for derivatives products continues to increase.

Planned cross-venue margin and on-chain activity

Ripple and Bullish also plan to introduce cross-venue margin functionality, enabling users to manage collateral across exchanges and over-the-counter desks. The companies said the feature is intended to streamline operations across multiple trading venues.

On-chain data from the XRP Ledger recorded over 118 million RLUSD tokens minted and burned within 24 hours in late April. The activity included a burn of more than 59 million tokens alongside matching mint transactions, with data patterns indicating the transactions occurred during month-end treasury adjustments.

Remittances testing and regulatory approvals

Beyond trading, K Bank in South Korea has tested Ripple’s infrastructure for cross-border remittances using RLUSD, focusing on faster settlement times and lower transaction costs. RLUSD also supports cross-chain transfers through a bridge connecting the XRP Ledger with Ethereum and Cardano networks.

Ripple said RLUSD operates under approvals from the New York Department of Financial Services and the Dubai Financial Services Authority, covering operations in the United States and other jurisdictions. Ripple said the latest integrations extend RLUSD usage across regulated trading and blockchain environments.