Ripple (XRP) is a well known cryptocurrency and is top 3 cryptocurrencies by market capitalisation. Ripple (XRP) is most well known for the fast speed of transactions on the blockchain. Many financial institutions and banks from around the globe have been doing pilots with Ripple for international money transfers.
Ripple futures on Delta Exchange allow you to trade XRP with leverage and hence multiply your returns. Leverage should always be used with caution as just-as gains it also swells-up losses and hence can wipe out a trader’s entire margin.
Delta Exchange has the following XRP futures contracts available for trading. Against each contract, we have mentioned the current price, daily traded volume and the change in last 24 hours. You can see the complete order book on XRP contracts listed on Delta Exchange here.
XRP futures currently available:
|Contract Symbol||Last Price||24 hr Change||24 hr Volumes|
Margin currency is the currency in which the margin for a futures contract is allowed. The margin currency for XRPUSDQ_28Jun contract is USDC
Underlying for XRP Contracts on Delta Exchange
The underlying for XRP futures contract on Delta Exchange is Avg of XRP/USD price on Bitstamp & Kraken
How are XRP contracts quoted on Delta Exchange?
XRP Futures contracts XRPUSDQ_28Jun are quoted in USD
Settlement for XRP futures
The XRP futures settle on the expiry data at the last 30 minute TWAP of the underlying price.
XRPUSDQ_28Jun futures expire on 28-Jun-2019 2:00 pm
Max Leverage Allowed for XRP futures:
The maintenance margin for XRP contracts is 2%. The max leverage for these contracts is 50x.
Initial margin (minimum amount needed to open a fresh position) that a trader is required to post when entering a long or short position in XRP decides the max-leverage for the contract. For example, a contract with 2.5% initial margin will offer upto 40X leverage and vice versa. With 25X max-leverage the trader is required to post an initial margin of 4%
The maker and taker fee for XRP futures is:
Maker Fee: -0.0005
Taker Fee: 0.0025
More information about futures trading is available in reference section here.