Coinbase Derivatives lists XRP futures
Coinbase has announced the listing of XRP futures contracts on its US derivatives exchange as of April 21, 2025. These contracts, regulated by the US Commodity Futures Trading Commission (CFTC), provide traders with a capital-efficient way to gain exposure to XRP, which is recognized as one of the most liquid digital assets. The available futures include standard contracts representing 10,000 XRP and retail-oriented 'nano' contracts for 500 XRP each, equating to about $1,000. Coinbase's derivatives offerings have been growing, with this launch adding to previous contracts for other digital assets like Solana and Hedera introduced earlier. As the crypto futures market expands, US exchanges are responding to increased demand for regulated trading options. Since 2024, trading volumes for derivatives on Coinbase surged dramatically, indicating a significant interest in these products. XRP itself, with a market capitalization of around $120 billion as of April 21, is among the oldest blockchain networks, primarily catering to payments and DeFi applications. This development comes amid ongoing regulatory scrutiny, particularly following legal challenges faced by Ripple, the developer of the XRP Ledger.
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