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.
|Contract||Type||Max Leverage||Price Currency||Margin Currency||Action|
|XRPUSDQ||Quanto Perpetual||50x||USD||USDC||See Market|
Complete details of the futures and perpetual contracts on XRP that are listed on Delta Exchange are available below.
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.
Starting trading on Delta Exchange is a breeze. Here’s how you can make your first XRP 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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