Ripple Integration With ISDA Ushers In $1.2 Quadrillion Market, Can XRP Breach $100?
XRP, the native token of Ripple, is poised to take part in a $1.2 quadrillion derivatives market following Ripple’s integration into the
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ISDA
ISDA releases standard definitions for digital asset derivatives
The International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the crypto markets, such as the insolvency of crypto exchange firms, according to a statement released on Jan. 26. The initiative was motivated by the collapse of crypto exchange FTX and previous bankruptcy
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Derivatives Body ISDA Hopes New Digital-Asset Norms Will Prevent FTX-Style Losses
“Recent failures in the crypto market have emphasized the importance of having a clear, consistent contractual framework that spells out the rights and obligations of both parties following a default,” ISDA CEO Scott O’Malia said in a statement, adding that new definitions would help in bankruptcy cases. Original Source
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