Coinbase Lists XRP Futures—Is an XRP ETF Coming Soon?
The post Coinbase Lists XRP Futures—Is an XRP ETF Coming Soon? appeared on BitcoinEthereumNews.com.
The odds for XRP ETF approval are slowly improving as Coinbase launches XRP Futures Contracts on its derivatives platform. An analyst has disclosed that the price of XRP has the potential to reach six figures once adoption reaches its maximum level. Coinbase has officially listed XRP Futures Contracts on its US derivative exchange, significantly expanding the range of assets available for US regulatory oversight. According to the report published on April 21, traders would be able to access “regulated and capital-efficient ways of gaining exposure to one of the most liquid digital assets.” Reviewing the announcement, we found that the XRP futures would feature standard contracts that represent 10,000 XRP as well as retail-oriented nano contracts that also represent 500 XRP each. Explaining the Futures Contracts, experts outlined that it exists as a standardized agreement that guides the buying and selling of an underlined asset at a future date. Fascinatingly, Coinbase has been very successful in this type of trading. In December 2024, for instance, the exchange disclosed that its derivatives trading volume recorded an impressive surge of 10,950% within the year. The recent listing of the XRP Futures Contracts is reported to accelerate the approval of the XRP Exchange Traded Fund (ETF), as the US Securities and Exchange Commission (SEC) has long mentioned the existence of a regulated futures market as an important requirement. Historically, both Bitcoin (BTC) and Ethereum (ETH) had their futures-based products entering the market before their official ETF approvals. As highlighted in our previous article, Coinbase has also launched Solana (SOL) futures after disclosing its filing with the US Commodity Futures Trading Commission (CFTC). XRP Price Analysis Despite this development, the price of XRP struggles to hold above its support level as it declined by 1.14% in the last 24 hours and 2.8% in the…
Filed under: News - @ April 22, 2025 9:25 pm