Comments 7
ripple doing equity derivs now but when they letting us run levered xrp perps on this thing ser??
Honestly I doubt a Delta One desk is ever going to be the place for retail perps, that whole setup feels like it's built for institutions hedging big positions, not us clicking 10x on a phone app.
Ripple spent years telling everyone XRP was going to revolutionize cross-border payments, and now they're pivoting to equity derivatives, bold strategy for a company that still hasn't delivered on round one.
Delta One desks are primarily used for synthetic exposure and structured products, the kind of infrastructure that makes it very easy to obscure where value is flowing. That tells me more about who this is being built for than any press release will.
Ah yes, can't wait to be on the wrong end of whatever "Delta One business" means when it's explained to me in a Coinbase email six months after the insiders are flat.
Yeah except by the time you figure out what Delta One even is, Ripple's already moved on to the next shiny thing and left a pile of retail bag holders behind.