Key Takeaways:
- Coinbase has launched CFTC-regulated XRP futures on its U.S. derivatives exchange, offering both institutional and retail-sized contracts.
- This move aligns with Coinbase’s growing focus on crypto derivatives, following similar listings for SOL and HBAR earlier in 2024.
- The launch follows a 10,950% surge in Coinbase’s derivatives trading volume this year and hints at a possible Deribit acquisition.
Coinbase has added XRP futures contracts to its U.S. derivatives exchange, marking a strategic expansion in its regulated crypto offerings.
Announced on April 21, the contracts are approved by the Commodity Futures Trading Commission (CFTC) and offer traders a regulated, capital-efficient way to gain exposure to XRP, one of the most liquid digital assets.
Coinbase Derivatives, LLC now offers CFTC-regulated futures for $XRP. https://t.co/omSNu0aEoC
— Coinbase Institutional 🛡️ (@CoinbaseInsto) April 21, 2025
Two contract types are available: standard (10,000 XRP) and “nano” (500 XRP), catering to both institutional and retail investors.
This listing follows similar moves with Solana (SOL) and Hedera (HBAR) contracts in February, aligning with Coinbase’s broader strategy to grow in the crypto derivatives market.
Coinbase currently offers U.S. derivatives for about two dozen assets and around 92 globally.
Since launching its U.S. derivatives exchange in 2022, the company has seen a 10,950% rise in trading volume in 2024 alone and is reportedly eyeing Deribit for acquisition.
XRP, launched in 2012 and known for its use in payments and DeFi, holds a $120 billion market cap.
Its developer, Ripple, recently settled its legal case with the SEC, clearing the path for broader adoption.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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