Coinbase Derivatives has submitted an official application to the American Commodity Futures Trading Commission (CFTC) to be allowed to offer XRP futures. It concerns a so-called ‘Self-Certification Application’, with which Coinbase independently explains that the product meets the applicable regulations.
According to a message from Coinbase Institutional on X, the launch of these XRP-Futures is planned on April 21, 2025. With this initiative, the stock market wants to offer investors a regulated and capital-efficient way to obtain exposure to XRP-one of the most liquid digital assets on the market.
“We are pleased to announce that Coinbase Derivatives has submitted an application to the CFTC for certifying XRP futures. With this we offer a regulated, capital-efficient way to get exposure to one of the most liquid digital assets,” said Coinbase Institutional.
Most important characteristics of the product
The application shows that the XRP futures will be tradable under the Ticker XRL. It concerns monthly contracts that are cash-settled and can be traded with leverage. Each contract represents 10,000 XRP and is judged in US dollars. With a current rate of $ 2 per XRP, this amounts to a contract value of approximately $ 20,000.
Investors can choose from contracts for the current month and the two following months. To prevent extreme volatility, a safety mechanism is built in: If the spot price of XRP fluctuates by more than 10% within one hour, trade is temporarily stopped.
Second regulated XRP-FutureProduct in the US
Upon introduction, this will be the second XRP FutureProduct that falls under the supervision of the CFTC. Earlier this year, in March, the Chicago -based Derivatenbeurs Bitnomial already launched a similar product on the market.
Retail investors propel demand demand for XRP
The timing of the announcement is striking, since XRP is gaining popularity among private investors. According to data from analysis platform Glassnode, the number of active XRP addresses has increased by no less than 490% since the bottom of the market in 2022. For comparison: the number of active Bitcoin addresses remained virtually the same in the same period-a clear sign of increasing retail interest in XRP.
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Source: https://newsbit.nl/coinbase-komt-met-belangrijk-xrp-nieuws-dit-is-wat-je-moet-weten/
