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 and designed to facilitate fast and cost-effective transactions. You can trade XRP transactions with BaseFEX on the margin using our derivative contracts (futures and open-ended contracts). This means that you can use a long or short XRP with leverage.
You can directly buy or sell XRP. This is called XRP cash trading. If you buy low and sell high, you will make profits. However, this trade only works when the XRP price increases. In addition, leveraged trading is not possible in cash trading. Trading up margins through derivatives meets these gaps. XRP's futures and open-ended contracts allow you to take advantage of Ripple's upward and downward movements. In addition, these derivative contracts have built-in leverage, allowing you to trade big with a small capital.