The XRP/USDT spot market is available on Helix! You can now trade XRP with market and limit orders on Helix, the premier on-chain crypto exchange built on Injective.
Read more below to find out more about XRP (XRP), the benefits of trading XRP on Helix, and a step-by-step guide on how to trade on Heilx.
Get started here: https://helixapp.com/spot/xrp-usdt/
What Is XRP (XRP)?
XRP is a digital asset that’s native to the XRP Ledger — an open-source, permissionless and decentralized blockchain technology. Created in 2012 specifically for payments, XRP can settle transactions on the ledger in 3-5 seconds. It was built to be a better Bitcoin—faster, cheaper and greener than any other digital asset.
To learn more about XRP, the overview is available here.
Why Trade XRP on Helix
With a diverse array of upgrades, Helix 2.0 marks a significant milestone in the evolution of the protocol, introducing a host of cutting-edge features designed to enhance user experience and broaden trading capabilities. Helix provides completely unmatched exchange, trading bots, advanced order types, an intuitive Swap interface, individual profit and loss overview, and reward tracking to Injective users. Anyone can use Helix as a crypto cross-chain trading gateway with zero gas fees, best-in-class security, and lightning-fast speeds.
Helix is the first platform to support the XRP market alongside maker fee rebates, and new ways to earn with every trade.
XRP-USDT Market Details
- Base asset: XRP
- Quote asset: USDT
- Minimum price tick size: $0.001 XRP
- Minimum quantity step: 0.1
- Fee: -0.01% maker fee; 0.05% taker fee
- Trading hours: 24/7/365
How to Trade XRP/USDT on Helix?
In order to trade the XRP/USDT spot market on Helix, you will need to have either XRP or USDT in your Injective Wallet. The first step is to deposit assets to Injective.
Option 1: Bridge USDT from Ethereum to Injective
- Go to Injective Bridge and connect your wallet;
- Select “Ethereum” from the dropdown menu as the origin source;
- Select “USDT” as the asset to transfer and make sure it has USDT balance;
- Enter the amount of USDT tokens you would like to transfer and click “Review Deposit” and “Confirm”;
- Once the transfer is completed, you can check the USDT balance in your Injective Wallet or the Balances page on Helix.
Option 2: Bridge XRP from XRP to Injective
- The process involves two steps: first, bridge XRP to XRPL EVM via Squid Router, then use Skip to transfer it from XRPL EVM to INJ.
- Connect to Squid Router. Set the source network to XRPL and the destination network to XRPL EVM. Choose “MetaMask Snap”, which will create an XRP wallet for you.
- Next, click the balance in the top right corner, click “Accounts”, and click the copy button next to your XRP wallet address at the very bottom. This gives you your XRP address.
- Then go to Skip and connect your wallet. Select “XRP” on XRPL EVM from the dropdown menu as the source network, and select “INJ” on Injective as the destination network.
- Enter the amount of XRP tokens you would like to transfer and confirm.
- Once the transfer is completed, you can check the USDT balance in your Injective Wallet or the Balances page on Helix;
Option 3: Onboard with Fiat
- You can also onboard onto Helix using popular fiat currencies by selecting from one of the fiat on-ramp providers such as Mercuryo, Kado, Transak or Payfura.
- Choose your payment currency (e.g. USD) and enter the amount in fiat you would like to swap;
- Select Injective as the network to receive your payment amount;
- Follow the instructions and continue the steps;
- Once the transfer is completed, you can check the USDT balance in your Injective Wallet or the Balances page on Helix;
- Swap INJ to USDT by using the Swap feature if needed, and then you are all set to trade!
Trading XRP/USDT on Helix
After you have successfully deposited XRP or USDT assets on Injective, you are ready to trade!
- Go to the XRP/USDT spot market on Helix;
- Now you can buy XRP using USDT, or sell XRP to get USDT;
- On Helix, you can choose the type of order, either Market or Limit order;
- Enter the amount you want to Buy or Sell, submit your order and approve it with your wallet;
- Once the order is approved successfully, you will see a notification “Your order has been placed.”
Upcoming Listings
Moving forward, Helix will continue to expand the markets available for users. All community members can propose to bring new assets to Helix using the governance portal on the Injective Hub. Ultimately, all INJ token holders own Injective so the community has the power to bring new assets to the dApp ecosystem.
Stay updated on all new listings by joining Helix on Twitter and Telegram!
Useful Resources
- How to create your Injective wallet: Link
- Onboard onto Injective instantly with fiat: Link
- Transfer assets to Injective via Injective Bridge: Link
- A quick guide on how to make a trade on Helix: Link
- Earn trading fee discounts by staking INJ: Link
- Trade on Helix and earn points: Link
This article is for informational purposes only and is not financial advice or an endorsement of a particular project or application. Use of Helix is subject to Helix’s Terms and Conditions.
About Helix
Helix is the premier decentralized crypto exchange. Helix provides access to unlimited crypto assets and perpetual markets with market leading rebates. Best-in-class security, near zero fees, lightning fast speeds, cross-chain capabilities and a fully on-chain orderbook on Helix provide the optimal gateway to bring crypto trading to the masses. Helix is built on Injective, the interoperable layer one blockchain for building powerful exchange, DeFi, derivatives & Web3 applications.
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About Injective
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native token that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
Website | Telegram | Discord | Blog | Twitter | Youtube | Facebook | LinkedIn | Reddit | Instagram | Orbit Newsletter
About XRP
XRP is a digital asset that’s native to the XRP Ledger—an open-source, permissionless and decentralized blockchain technology.
Website | Twitter | Documentation | Github