Coinbase Institutional disclosed a significant milestone Monday on social media platform X, confirming that its affiliate, Coinbase Derivatives LLC, has officially launched CFTC-regulated futures for XRP. The announcement marked the completion of a process that began earlier this month when the company filed with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify the products. In a direct statement accompanying the launch, the crypto exchange stated:
Coinbase Derivatives LLC now offers CFTC-regulated futures for XRP.
These newly launched contracts include a standard version representing 10,000 XRP and a retail-focused “nano” contract sized at 500 XRP—approximately $1,000 at XRP’s current market price of $2.09. Both are cash-settled in U.S. dollars and designed to provide accessible, capital-efficient trading solutions for institutional and retail participants alike. According to Coinbase, these futures aim to enhance market liquidity and provide robust risk management tools.
The Coinbase XRP futures launch coincides with growing regulatory clarity for crypto, particularly after the U.S. Securities and Exchange Commission (SEC) dropped its appeal in the Ripple case. Ripple’s $50 million settlement with the SEC has resolved a key legal obstacle, contributing to renewed investor confidence in XRP. This momentum has supported the debut of Teucrium’s 2x leveraged XRP exchange-traded fund (ETF), signaling progress in XRP’s entry into traditional financial markets.
Ripple further expanded its institutional reach by acquiring prime brokerage Hidden Road, which handles over $10 billion in daily liquidity, positioning XRP for a key role in cross-asset settlements. Ripple Chief Technology Officer David Schwartz described: “Ripple’s acquisition of Hidden Road is a defining moment for the XRP Ledger and XRP.” Ripple CEO Brad Garlinghouse, citing a more favorable regulatory environment and several pending ETF applications, views XRP ETF approvals as inevitable and envisions the crypto asset’s inclusion in a U.S. cryptocurrency stockpile. Meanwhile, Standard Chartered forecasts a 500% rise in XRP’s value by 2028, potentially surpassing ethereum.
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