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Ripple Contracts Listed on Delta Exchange
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Complete details of the futures and perpetual contracts on XRP that are listed on Delta Exchange are available below.
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.
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:
Ripple Futures are contracts that allow you to buy or sell Ripple(XRP) at a fixed price on a future date and time. The counterparties are bound to honour the contract by either buying or selling Ripple at the price on contract expiry or by settling for profit or loss in cash at expiry.
You can trade XRP futures contracts on Delta Exchange. Delta Exchange allows you to buy/sell i.e long/short Ripple(XRP) perpetual futures on Delta Exchange with 100x leverage.
To start trading Ripple(XRP) futures you first need to create an account on Delta Exchange. The sign-up process is very easy and just requires email-verification. Once you have created your account, deposit BTC in your Delta wallet. Ripple perpetual futures on Delta Exchange are settled in Tether(USDT), so convert BTC to USDT using the currency converter and start trading XRP perpetual swaps.
Delta Exchange 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.
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