Coinbase Derivatives lists XRP futures

Coinbase has listed futures contracts for the XRP token connected its US derivatives exchange, the cryptocurrency level said connected April 21.

The contracts are overseen by the US Commodity Futures Trading Commission (CFTC) and connection traders “a regulated, capital-efficient mode to summation vulnerability to 1 of the astir liquid integer assets,” the institution said successful a station connected the X platform.

Coinbase’s XRP (XRP) futures see modular contracts representing 10,000 XRP and retail-oriented “nano” contracts representing 500 XRP each, oregon astir $1,000 arsenic of April 21, according to regulatory filings.  

The contracts are the latest crypto futures to motorboat connected Coinbase’s derivatives exchange, which besides features Solana (SOL) and Hedera (HBAR) futures contracts, some added successful February. 

Source: Coinbase

Related: Coinbase successful talks to bargain derivatives speech Deribit: Report

Burgeoning marketplace segment

Since 2024, US exchanges — including Coinbase, Robinhood and Chicago Mercantile Exchange — person been expanding crypto futures offerings successful effect to strong request from retail and organization investors. 

Futures contracts are standardized agreements to bargain oregon merchantability an underlying plus astatine a aboriginal date. They are fashionable for hedging and speculation due to the fact that they fto traders instrumentality agelong and abbreviated positions, often with leverage. 

Coinbase lists derivatives tied to immoderate 92 antithetic assets connected its planetary speech and astir 2 twelve successful the US, according to its website. 

Its US-traded products see contracts tied to memecoins, specified arsenic Dogecoin (DOGE), and commodities, specified arsenic lipid and gold. 

Coinbase's banal show vs. the S&P 500. Source: JPMorgan

In December, Coinbase said derivatives trading volumes soared astir 10,950% successful 2024. The speech is reportedly successful talks to bargain Deribit successful a bid to grow its derivatives footprint.

Coinbase launched its US derivatives speech successful 2022, bringing cryptocurrency futures — including retail-oriented “nano” contracts — to tens of millions of US users.

Launched successful 2012, XRP Ledger is among the oldest blockchain networks and specializes successful payments and decentralized concern (DeFi) applications for institutions. 

As of April 21, XRP’s marketplace capitalization stands astatine astir $120 billion, according to CoinMarketCap. 

In March, the US Securities and Exchange Commission (SEC) dropped a years-long lawsuit against XRP Ledger’s developer, Ripple, for alleged securities instrumentality violations.

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