Coinbase listed Futures Contracts for the XRP token on the exchange of the US derivatives, the cryptocurrency platform announced on April 21.
The contracts are monitored by the US Commodity Futures Trading Commission (CFTC) and offer retailers “a regulated, capital-efficient strategy to gain probably the most liquidated digital assets,” said the corporate in a post on the X platform.
The XRP (XRP) Futures from Coinbase include standard contracts that represent 10,000 XRP and retail “Nano” contracts, depending on the regulatory submissions from April 21.
The contracts are the most recent crypto futures which can be to be launched on the derivative Exchange of Coinbase, which also comprises Solana (SOL) and Hedera (HBar) Futures contracts, each of which were added in February.
Source: Coinbase
Germinated market segment
Since 2024, the US exchange – including Coinbase, Robinhood and Chicago Mercantile Exchange – Krypto -Futures offers have expanded offers in response to a powerful demand for retail and institutional investors.
Futures contracts are standardized agreements on the acquisition or sale of an underlying assets at a future time. They are popular for defense and speculation because they’ve traders taking long and short positions, often with levers.
According to his website, Coinbase lists derivatives, that are certain to around 92 different assets in its international exchange and within the USA.
The US products include contracts which can be certain with memo cinema similar to dotecoin (Doge) and raw materials similar to oil and gold.
In December, Coinbase said that the business volumes of desivates rose around 10,950% in 2024. The exchange is reportedly in conversations to purchase deribit as a way to expand the derivatives's footprint.
Coinbase began his US derivative exchange in 2022 and brought a single-retail-oriented “nano” contract-based manner of ten million of US users.
XRP Ledger was introduced in 2012 and is one among the oldest blockchain networks and focuses on payments and decentralized financing applications (DEFI) for institutions.
From April 21, the market capitalization of XRP is around 120 billion US dollars, based on CoinmarketCap.
In March, the US Securities and Exchange Commission (SEC) caused years of criticism against the developer of XRP Ledger, Ripple, as a result of alleged violations of securities law.
