Cryptocurrency Exchange Binance Launches XRP Futures with 75x Leverage

Binance Launches XRP Futures with 75x Leverage

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Binance has launched XRP Futures with up to 75x leverage on its futures platform.

The contract is paired against Tether (USDT), just like the other trading pairs on the exchange.

Binance Futures went live in September 2019, and this is only the 4th trading pair, after Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH).

The more you up the leverage, the lower your position can be.

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For example, if you are trying to open a trade with 75x leverage, then your maximum position size will be 10,000 USDT, while if you go for, let’s say 3x, you can use up to 10,000,000 USDT.

Please note that trading with leverage is extremely risky, not for inexperienced traders, and will lead to loss of funds more often than not.

Only trade with what you can afford to lose.

You can read the full announcement here.

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Ripple website image by Marco Verch. Licensed under CC BY 2.0.

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