Coinbase Derivatives is set to launch new futures contracts for XRP and Solana (SOL), providing traders access to the market with lower capital requirements.
Introduction
The launch of new futures for XRP and Solana is scheduled for August 18. These contracts are designed with smaller sizes to lower entry barriers for traders.
New Futures and Their Features
The futures contracts will allow for up to 10x leverage, enabling larger positions to be controlled with smaller capital. They will also have a long-term maturity of five years, eliminating pressure on traders to roll contracts monthly.
Support for XRP and SOL in the Markets
There is an increase in interest for XRP and SOL at the institutional level. Notably, the XRP ETF (Teucrium 2x Long Daily XRP ETF) has reached over $300 million in net inflows.
The launch of XRP and Solana futures marks a new phase in the development of regulated cryptocurrency derivatives in the United States.
