Trade XRP: CFDs, Perpetuals & Spot
XRPUSD
Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.
Trading Conditions
ATP Margin
0.01
Contract Size Currency per 1 Lot Symbol
1,000 coins
Min/Max Trade Size (lots)
0.1 / 200
Schedule and Fees
Market Open
Monday 00:01 MT Server
Market Closed
Sunday 23:59 MT Server
Trading Break
23:59 - 00:01 Daily & 00:01 -01:00 Saturday MT Server
3 Day Financing
Friday
Long & Short Position Overnight Fee
displayed on the trading platform
FAQs
The term "XRP/USD" denotes the trading pair involving XRP, which is Ripple's native cryptocurrency, and the United States dollar (USD) in the context of cryptocurrency trading. It indicates the exchange rate at which XRP can be traded for USD. It signifies the cost of purchasing one XRP in US dollars or the amount of US dollars received when selling one XRP.
XRP is commonly associated with Ripple, the technology company that develops payment solutions using blockchain technology. However, Ripple and XRP are not the same thing: Ripple is a company, while XRP is the cryptocurrency.
XRP can be bought and held directly or traded through derivatives such as CFDs and perpetual futures.
How can you trade XRP with Axi?
Axi gives you three ways to access the XRP market, depending on whether you want to trade its price or own the cryptocurrency itself.
Trade XRP CFDs
XRP CFDs let you trade movements in the price of XRP without owning the cryptocurrency.
You can go long if you expect XRP to rise or short if you expect it to fall. CFDs are traded using margin, which increases your market exposure but can also magnify losses.
Trade XRP perpetual futures
XRP perpetual futures are leveraged derivatives that track the price of XRP without giving you ownership of the underlying cryptocurrency.
Like CFDs, perpetuals allow you to go long or short. Unlike traditional futures, they have no fixed expiry date. Periodic funding payments help keep perpetual prices aligned with the underlying spot market.
Buy and hold XRP
If you want to own XRP rather than trade a derivative, you can buy it directly on the spot market through the Axi Trading Platform.
Your XRP is held in your Axi Wallet and can be sold later through the spot market. Spot purchases do not use leverage, so you pay the full value of the XRP you buy.
