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XRP holders can now trade options using FXRP as collateral on Derive's decentralized platform.

Protocol Fundamentals
13 Aug 2026
Crypto Briefing
View Source
Bullish
XRP holders can now trade options using FXRP as collateral on Derive's decentralized platform.

Flare Network's FXRP, a wrapped and over-collateralized version of XRP, is now accepted as collateral on Derive, a decentralized derivatives platform. This allows XRP holders to trade options and hedge their positions without sending tokens to centralized exchanges. FXRP is minted by locking XRP on the XRP Ledger and can be used across Ethereum-compatible chains. This integration expands XRP's DeFi utility, enabling yield generation and options trading while maintaining self-custody, though users should be aware of layered protocol risks.

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