XRP Futures & Perpetual Contracts Guide - Delta Exchange

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XRP Futures & Perpetual Contracts Guide

About Ripple

Ripple (XRP) is the cryptocurrency used to represent transfer of value on the Ripple payment network. The Ripple platform is an open source protocol that has been built for enterprise use and aims to facilitate fast and cheap transactions.

You can margin trade XRP on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short XRP with leverage.

XRP Contracts Listed on Delta Exchange

Contract
Type
Max Leverage
Price Currency
Margin Currency
Action

Contract Type Max Leverage Price Currency Margin Currency Action
XRPUSDQ_28Jun Quanto Futures 50x USD USDC See Market

Complete details of the futures and perpetual contracts on XRP that are listed on Delta Exchange are available below.

XRP Quanto Futures

Ripple futures are derivative contracts defined on XRP spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

XRP Quanto Futures contracts are quoted in USD.  All margin, Profit/ loss and settlement calculations are denominated in USDC.

Margin and Leverage

XRP Quanto Futures contracts are margined in USDC. This means you need to have USDC to trade these contracts. The maximum allowed leverage for XRP Quanto Futures contracts is 50x.

Underlying Index

The underlying index for XRP Quanto Futures contracts is .DEXRPUSD. It is comprised of equal weighted average of XRP/USD price from bitstamp and kraken.

Settlement

The XRP Quanto Futures contracts are settled on the 30-minute-TWAP of the underlying index. To ensure that at the time of settlement there are no under-margined positions, the transition from using underlying index to 30-min-TWAP of underlying index is done gradually.

When the settlement time of a contract is one hour away, we switch to a weighted average of underlying index and the 30-min-TWAP of the underlying index in mark price computation. Over the next 30 minutes, the weights of underlying index and its TWAP go from 100%/ 0% to 0%/ 100%. This means the mark price is computed using the 30-minute-TWAP of the underlying index in the last half hour leading into contract settlement.

Fees

  • Taker fees = 0.25%
  • Maker fees = -0.05%

Trading XRP

Why Should You Trade XRP Futures & Perpetual

You can directly buy or sell XRP. This is called spot trading of XRP. If you buy low and sell high, you will make profit. However, this trade only works when XRP price goes up. Further, leverage trading is not possible in spot trading.

Ripple margin trading through derivatives addresses these shortcomings. The XRP futures and perpetual contracts enable you to go benefit from both up and down move in Ripple. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.

How to Start Trading on Delta Exchange

Starting trading on Delta Exchange is a breeze. Here’s how you can make your first XRP trade on Delta Exchange:

  • Register: This takes < 1min and requires on a verified email address. No other KYC is needed.
  • Fund your Delta Exchange Wallet: Only bitcoins are accepted in the Delta Exchange Wallet. A unique BTC deposit address will be generated for you when you register.
  • Convert BTC to USDC: All futures and perpetual contracts on Delta Exchange are margined and settled either in BTC or USDC. For USDC settled contracts, use the currency convertor to change BTC to USDC.
  • Make your first trade: Now you are all set to trade on Delta Exchange!

FAQs

  • Does Delta Exchange support margin trading?

    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.

  • Which cryptocurrencies can I trade on Delta Exchange?

    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.

  • How can I contact Delta Exchange?

    For any query, feedback, suggestion or business proposals, please write to us at: [email protected]