Coinbase has listed futures contracts for the XRP token in the US derivatives exchange, the cryptocurrency platform said on April 21.
Contracts are administered by the US Commodity Futures Trading Commission (CFTC) and offers traders “a regulated, great way to obtain exposure to one of the most liquid digital property,” the company Says In a post on the X platform.
Coinbase’s XRP (XRP) Futures include standard contracts representing 10,000 XRP and contracts dedicated to retail “Nano” which represents 500 XRP each, or approximately $ 1,000 to April 21, According to In the regulations of filing.
Contracts are the Latest crypto futures To launch at Coinbase’s Derivatives Exchange, which also features Solana (Sol) and hedera (Hbar) Futures contracts, both added in February.
Related: Coinbase to talks to buy Derivatives Exchange Deribit: Report
Segment of Burgeoning Market
Since 2024, US exchanges – including Coinbase, Robinhood and Chicago Mercantile Exchange – have expanded crypto futures offerings in response to Strong demand from investors and institutional investors.
Futures contracts are standard agreements to buy or sell an underlying owner on a future date. They are famous for the healing and speculation -because they allow traders to take a long and short position, often with action.
Coinbase lists derivatives tied to several 92 different ownership in its international exchange and approximately two dozen in the US, according to its website.
US -exchanged products include contracts tied to Memecoins, such as Dogecoin (Doge), and goods, such as oil and gold.
In December, Coinbase said the trading volume derivatives were approximately 10,950% in 2024. The exchange was Reported to the conversations to buy a derivit on a bid to expand its trace of its derivatives.
Coinbase launched the US derivatives exchange in 2022, carrying cryptocurrency futures-including contracts focusing on the retail “Nano”-of tens of millions of US users.
Launched in 2012, the XRP Ledger was among the oldest blockchain networks and experts in payments and decentralized financial applications (DEFI) for institutions.
On April 21, XRP market capitalization stands for approximately $ 120 billion, According to In coinmarketcap.
In March, the US Securities and Exchange Commission (SEC) dropped a year’s suits Against XRP ledger developer Ripple, for allegedly violating security law.
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