An exchange regulated by the Financial Conduct Authority – Crypto Facilities, recently announced plans to launch new futures contracts for XRP (XRP), Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and Bitcoin Cash BCH. The company also said that these contracts would be perpetual.
The announcement of cryptographic structures on Twitter
The announcement of the company on Twitter states, " They have just launched Perpetual Futures on XBT / USD, and the first contracts XRP / Perpetual XBT, XRP / USD, LTC / USD, ETH / USD and BCH / USD in the world use XRP, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) as a guarantee to operate twenty-four hours. 24 hours, seven days a week. "
All contracts except XRP / BTC are reverse perpetual futures, while the remaining are perpetual futures in vanilla. To understand what perpetual futures contracts are, you must first understand the concept of "futures contract".
Future contracts are a kind of derivative products that are represented by a contract to exchange a good or commodity at any given moment in the future. However, perpetual futures contracts have no agreements or deadlines. Rather, there is a settlement process that occurs every four hours on the platform.
The rate for the next settlement process period is calculated in the current period. In order to stop receiving revenue from future contracts, the trader must end his position. There is a continuous payment system, but it is based on the rate of funding specified at the end of the funding interval before that.
Because futures contracts do not require traders to publish all of their guaranteed currency as a margin, they are allowed to trade with leverage. Leveraged allows traders to specify only a fraction of their assets as a margin and then trade ten times or a hundred times the leveraged amount.
XRP (XRP) Price Today – XRP / USD
At the time of writing, XRP is changing hands at $ 0.3384 after an increase of over two percent in the last twenty-four hours. The current market capitalization of the digital currency is $ 13.42 billion and the volume of trade in the last twenty-four hours is $ 220.09 million