{"id":3184,"date":"2021-10-08T15:18:31","date_gmt":"2021-10-08T07:18:31","guid":{"rendered":"https:\/\/blog.btse.com\/?p=3184"},"modified":"2023-03-09T03:57:06","modified_gmt":"2023-03-09T03:57:06","slug":"btse-lists-xrppfc-perpetual-futures","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/btse-lists-xrppfc-perpetual-futures\/","title":{"rendered":"BTSE Lists XRPPFC (Perpetual Futures)"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">Growing interest in XRP &#8212; some call it \u201cthe bankers\u2019 crypto\u201d &#8212; from the crypto futures market helped push up the token\u2019s value in recent months. The company behind it, Ripple, is growing the token\u2019s utilities, aiming to transform global payments.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">BTSE has listed XRP Perpetual Futures Contracts (XRPPFC), part of the exchange\u2019s ongoing commitment to expanding the range of high-quality digital assets on its trading platform.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">XRP is the native token of Ripple, a blockchain-based digital payment network. Instead of relying on blockchain mining, it uses a consensus mechanism through a group of bank-owned servers that can confirm transactions. Its aim is to use less energy than other tokens, like Bitcoin, and to enable transactions to be confirmed within seconds at minimal costs.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>XRP and XRP Futures (XRPPFC)<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The newly listed XRP perpetual futures adds new trading opportunities to BTSE\u2019s global user base. For XRPPFC, BTSE supports 50x leverage and USD as the underlying asset.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">XRP has a market cap of nearly $50 billion, with 2.11% market cap dominance, according to CoinGecko. The token price was $1.06 on October 7, 2021, with a circulating supply of over 46 billion tokens out of 100 billion in total. Its price surged by more than 140% leading up to mid-August, much thanks to interest from the crypto futures market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">XRP futures is an agreement where two parties agree to buy or sell XRP that goes through a predetermined future date as well as price. The futures contract derives its value from the cryptocurrency itself, so the price of XRP futures contracts will move in sync with XRP\u2019s price.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>RippleNet and XRP Ledger<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">XRP runs the platform RippleNet, which is on top of a distributed ledger database called XRP Ledger. The XRP Ledger allows users to send and receive cryptocurrency through the usage of public and private key cryptography, where transfers between addresses require digital signatures.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">RippleNet is run by Ripple, while the XRP Ledger is open-source and is based not on a blockchain but on a distributed ledger database.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Previously, only Ripple\u2019s cross-border payments product, xRapid, used the XRP cryptocurrency; its other solutions, xVia and xCurrent, did not use XRP but could connect to the XRP ledger. In October 2019, Ripple combined all three products under the RippleNet network, a single offering where companies can access on-demand liquidity by selling XRP for fiat currency on the exchange and converting the funds into the desired cryptocurrency or asset.<\/span><\/p>\n<p>&nbsp;<\/p>\n<div>\n<hr \/>\n<\/div>\n<p><em>Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0feedback@btse.com or on Twitter @BTSE_Official.<\/em><\/p>\n<p><em>Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Growing interest in XRP &#8212; some call it \u201cthe bankers\u2019 crypto\u201d &#8212; from the crypto futures market helped push up the token\u2019s value in recent months. The company behind it, Ripple, is growing the token\u2019s utilities, aiming to transform global payments. BTSE has listed XRP Perpetual Futures Contracts (XRPPFC), part of the exchange\u2019s ongoing commitment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6325,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BTSE Lists XRPPFC (Perpetual Futures) &#8212; BTSE Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.btse.com\/blog\/btse-lists-xrppfc-perpetual-futures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BTSE Lists XRPPFC (Perpetual Futures)\" \/>\n<meta property=\"og:description\" content=\"Growing interest in XRP &#8212; some call it \u201cthe bankers\u2019 crypto\u201d &#8212; from the crypto futures market helped push up the token\u2019s value in recent months. The company behind it, Ripple, is growing the token\u2019s utilities, aiming to transform global payments. 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The company behind it, Ripple, is growing the token\u2019s utilities, aiming to transform global payments. 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