August 30, 2023 02:45 PM
Overview
Costs & Margins
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Ripple ($) represents the price of the cryptocurrency Ripple in US dollars. The value of Ripple ($) shows how many US dollars equals a single unit of Ripple.
Ripple is the native currency used on the Ripple platform, a blockchain-based digital payment network and remittance system that allows users to transfer money quickly and securely across international borders.
Influences on the value of Ripple include the market sentiment towards cryptocurrencies and the user value of the Ripple network.
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Margin From50.0 %
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Trading Hours24 hours / day *
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Min Trade Size1
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Long0
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Short0
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Min Stop Distance0.0 Points
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Guaranteed Order Minimum100.0 Points
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Spreads
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Spreads From0.700 Points
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Margins
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0 - 88 57250.0 %
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88 572 +100.0 %
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Dealing
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Spreads0.700 Points
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Guaranteed Order Min Distance100.0 Points
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Margins
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0 - 88 57250.0 %
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88 572 +100.0 %
Latest research
February 2, 2022 11:01 PM
Popular instruments
Crypto explained
Can I trade other cryptocurrencies with City Index?
Yes, you can trade a range of cryptocurrencies with City Index, such as Ethereum, Ripple and Litecoin, available at a margin rate of 50%. Find out more about the cryptocurrencies we offer.
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Do I have to trade a whole Bitcoin?
No, one of the main benefits of Bitcoin CFDs is that you can trade fractional amounts and not an entire Bitcoin per transaction.
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What are cryptocurrencies?
Cryptocurrencies are digital tokens based on blockchain technology that act as a virtual currency. Many cryptocurrencies are mined into existence through the ‘Proof of Work’ system, involving the solving of complicated mathematical puzzles by high-powered computing software, with a cryptocurrency token made available to the owner as a reward.
However, a newer system known as ‘Proof of Stake’ involves contributors staking their own cryptocurrency in exchange for a chance to validate new transactions, update the blockchain, and earn a reward. Ethereum, for example, is expected to move to the Proof of Stake model in 2022.
The majority of cryptocurrencies are decentralised, which means that they are not connected to or affected by an authority such as a government or central bank.
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