XRP/USD: Ripple to US Dollar Trading
XRP/USD (Ripple to USD) currency pair shows the XRP price indicated in the US Dollars. This pair specifies that Ripple is calculated in the US Dollars, namely displaying how much USD is needed to buy 1 XRP. Track the Ripple to US Dollar price movements on the XRP/USD chart.
XRP to USD trading: How does it work?
Trading XRP/USD pair implies opening the corresponding trading positions to benefit from the Ripple price changes. It is possible to benefit from Ripple to US Dollars spot trading by a strategy of purchasing and then selling crypto on CEX.IO exchange. Or you can trade this pair with margin on CEX.IO Broker derivative platform.
How do I trade XRP/USD on CEX.IO Broker?
Using CEX.IO Broker, you can benefit from margin trading based on Contracts for Difference (CFDs). You can trade both XRP/USD and any other pair available on the platform. The idea of such trading is the following - you need to monitor price fluctuations and then open corresponding positions. Long - if you expect that the Ripple price will go up. Short - if you anticipate that the price will decline. If the price moves according to your analysis - the opened positions become profitable.
What leverage is available for XRP/USD trading?
CEX.IO Broker allows trading with leverage. The platform's users can choose from 2x to 100x leverage to satisfy their trading needs and risk appetites.
Do I have to own Ripple to trade XRP/USD on CEX.IO Broker?
You do not have to own XRP to trade Ripple to US Dollars on CEX.IO Broker. The platform is based on contracts for difference (CFDs), so you can benefit from price changes of XRP without a need to buy or sell the token itself. Fund your trading account with BTC, ETH, or USDT and you'll be able to trade any pair presented on the platform.
Why choose CEX.IO Broker for Ripple to US Dollar trading?
CEX.IO Broker uses a technical solution, CEX.IO Aggregator, that aggregates liquidity from the largest exchanges in order to execute users’ orders. As a result, the order book in the trading terminal reflects the combined liquidity and typically boasts a narrow spread. Narrow spreads let traders earn on even the smallest price movements of an asset. Click HERE
for more pros of using CEX.IO Broker platform.
CEX.IO Broker: a standalone margin trading platform and an integral part of the CEX.IO ecosystem
CEX.IO Broker was launched in the closed beta in April 2019, and since then we’ve made a ton of improvements before an open release of the platform!
Our team is continuously working on optimizing the order execution logic, the platform’s performance, and the markets’ liquidity. As a result, our traders can work with the dynamic cryptocurrency market, enjoying the low fees on the platform.