Coinbase Institutional to Launch XRP Futures
Coinbase Institutional has filed with the CFTC to offer XRP futures contracts. The futures will be cash-settled and margined, trading under the ticker XRL. The anticipated launch date is April 21, 2025.
Key Points:
- The XRP futures will be cash-settled contracts.
- Each contract corresponds to 10,000 XRP, approximately $20,000 based on current prices.
- These futures will provide a regulated way for traders to gain exposure to XRP.
- This launch follows the first CFTC-regulated XRP futures by Bitnomial.
Quote from Coinbase Institutional: “We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify $XRP futures - bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets. We anticipate the contract going live on April 21, 2025.”
Translation: “Estamos emocionados de anunciar que Coinbase Derivatives ha presentado una solicitud ante la CFTC para auto-certificar futuros de $XRP, brindando una manera regulada y eficiente en capital para obtener exposición a uno de los activos digitales más líquidos. Anticipamos que el contrato estará disponible el 21 de abril de 2025.”
The product aims to enhance trading strategies with flexibility and safeguards in place.
