What is Ripple (XRP) Futures?
Ripple (XRP) is the cryptocurrency used to represent the transfer of value on the Ripple payment network. The Ripple platform is an open-source protocol designed for businesses to facilitate fast and cost-effective transactions. You can margin trade XRP with BaseFEX using our derivative perpetual contracts. This means that you can use a long or short XRP with leverage.
You can directly buy or sell XRP, which is called XRP spot trading. If you buy low and sell high, you will make profits. However, this trade only works when the XRP price increases. Also, leveraged trading is not possible in spot trading. Trading up margins through derivatives meets these gaps. XRP futures and perpetual contracts allow you to take advantage of Ripple's upward and downward movements. Also, these derivative contracts have built-in leverage, allowing you to trade big with small capital.
What Can BaseFEX Offer You?
BaseFEX is the only crypto derivatives exchange that puts traders first. We offer the world’s lowest trading fees, highest verified security, 24/7 live support and up to 100x leverage – all without any KYC. You can trade BTC, ETH, XRP, BCH, LTC, EOS and BNB futures with perpetual contracts.