Coinbase, the largest cryptocurrency exchange in the United States, has taken a step towards launching XRP futures, opening new opportunities for investors.
Goals and Details of the Application
Coinbase has filed an application with the Commodity Futures Trading Commission (CFTC) to launch XRP futures on April 21, 2025. This initiative aims to provide both institutional and retail investors with a regulated way to gain exposure to XRP.
XRP Market and Competition
In 2023, Coinbase had already launched XRP futures on its international exchange, available only to customers outside the U.S. This month, Bitnomial announced its own XRP futures, making Coinbase the second U.S. platform to offer such instruments.
Potential Market Impact
With the launch of XRP futures by Coinbase Derivatives, access to this asset, considered one of the most liquid digital assets, is expected to improve. Experts anticipate that this could also set a precedent for the approval of a spot XRP ETF.
The launch of XRP futures by Coinbase is anticipated to enhance access to this asset, potentially having a significant impact on the cryptocurrency market.
