XRP10 Perpetual Contracts Introduction in USD Trading Area

XRP

Ripple (XRP) provides an unimpeded global payment network using blockchain technology and is the world’s first open payment network that can be converted to any currency by joining Ripple’s growing global payment network, including USD, EUR, RMB, JPY or BTC. Transaction confirmation can be completed within a few seconds and costs are almost zero. Ripple is an open source point-to-point payment network that allows any organization or individual to easily transfer money to any institutional or individual via the internet. It is not controlled by any company or government, and anyone can create a Ripple account.

XRP10:  Based on XRP and quoted as XRP/USD. 1 Lot represents 10 XRP, with 10x leverage. Suitable for seasoned traders.

XRP10 Perpetual Contracts example:

If the current price of XRP is quoted at 0.5USD, and trader would like to short the market (i.e expecting prices to fall) with 100 Lots:

Amount = Market price * trading unit * number of Lots = 0.5 * 10 * 100 = 500USD

With 10x leverage:

Margin used = Transaction amount / Leverage = 500/10 = 50USD, using only 50USD to trade 100 Lots of XRP10 contracts.

If prices fall to 0.3USD and trader closes positions, profit is calculated per below:

Profit = (Opening price – Selling price) * trading unit * positions sold = (0.5-0.3) * 10 * 100 = 200USD