Horizon Protocol has announced the approval of HIP-16, which opens the door to listing XRP, Cardano (ADA), and Chainlink (LINK) on Horizon Futures.
This move aligns with Horizon’s mission to broaden its trading offerings and provide more diverse options for investors. Starting Thursday, the new listings will be available for trading, allowing users to take advantage of low fees and leverage up to 27.5x.
New listings coming to Horizon Futures! Get ready to trade $XRP, $ADA, and $LINK with low fees and up to 27.5x leverage! Set up your trading account today! https://t.co/BmBq5kea1A
— Horizon Protocol (@HorizonProtocol) July 10, 2024
The approval of HIP-16 follows community input, showcasing Horizon’s commitment to integrating user feedback in its decision-making process. By listing these well-established cryptocurrencies, Horizon aims to enhance decentralized access to synthetic assets that mirror real-world economic conditions.
Enhancing Decentralized Trading Strategies
Horizon Protocol’s decision to list XRP, ADA, and LINK is part of its broader strategy to enhance decentralized trading opportunities. The protocol emphasizes the importance of these additions in helping traders diversify their portfolios. These cryptocurrencies are well-recognized in the market, and their inclusion is expected to attract a broad user base.
To ensure a smooth integration, Horizon has planned system adjustments that will allow for the seamless addition of these assets. The Horizon team will also closely monitor the performance of XRP, ADA, and LINK to inform future enhancements and listings and ensure that the platform remains responsive to market needs.
Leveraging DeFi for Real-World Assets
Horizon Protocol continues to leverage the peer-to-peer model to offer decentralized finance (DeFi) traders enhanced liquidity, low fees, and zero slippage. This model allows traders to use swaps and perpetual futures for real-world assets (RWA), including fiat currencies and commodities. The addition of XRP, ADA, and LINK is seen as a natural progression in Horizon’s ongoing efforts to optimize the potential of DeFi derivatives in RWA.
The protocol’s focus on RWA trading is designed to bridge the gap between decentralized finance and the real-world economy, offering traders opportunities to engage with synthetic assets that reflect real-world value.
The listing of XRP, ADA, and LINK follows Horizon’s recent milestone of integrating Solana (SOL) after the approval of HIP-15 in late June. Solana’s synthetic asset (zSOL) has garnered interest, and Horizon expects it to become the fourth largest asset on its spot exchange.
Horizon’s commitment to expanding its trading offerings and integrating high-demand assets underscores its goal of becoming a leading platform in the decentralized derivatives market.
The post Horizon Protocol Confirms XRP, Cardano, and Chainlink Listings on Futures appeared first on Coinfomania.