Monero (XMR) is one of the leading privacy coins. Created in April 2014, Monera focuses on fungibility, privacy and decentralization. Monero blockchain is an obfuscated public ledger. This means that anyone can broadcast transactions, but an outside observer is unable to see the source, amount or destination of a transactions.
You can margin trade Monero on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short XMR with leverage.
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Complete details of the futures and perpetual contracts on XMR that are listed on Delta Exchange are available below.
You can directly buy or sell Monero. This is called spot trading of Monero. If you buy low and sell high, you will make profit. However, this trade only works when Monero price goes up. Further, leverage trading is not possible in spot trading.
Monero margin trading through derivatives addresses these shortcomings. The XMR futures and perpetual contracts enable you to go benefit from both up and down move in Monero. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.
Starting trading on Delta Exchange is a breeze. Here’s how you can make your first XMR trade on Delta Exchange:
Delta exchanges offers trading in cryptocurrency futures. These futures offer: (a) up to 100x leverage and (b) ability to go both long or short. Crypto futures not only have the same features as margin trading, but also higher liquidity and lower trading fees.
Delta Exchange is a derivatives exchange. You can trade futures on cryptocurrencies, but not cryptocurrencies directly. The complete list of futures listed on delta is available here.
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