Coinbase has announced the launch of new nano perpetual futures for XRP and Solana, which will be available for traders starting August 18.
What are Nano Perpetual Futures?
As the term 'nano' suggests, these futures will have small contract sizes, significantly lowering the capital required for trading. They feature no monthly expirations and will run for five years.
Regulation and Benefits
Coinbase's products are fully regulated, offering U.S. customers a new avenue after relying on offshore unregulated trading platforms for futures. These new products also allow trading with an impressive 10x leverage.
Other Recent Market Developments
In other news, Gemini has added support for XRP, Solana, and other tokens including Shiba Inu, allowing them to be used as collateral for margin trading. Meanwhile, the Teucrium 2× Long Daily XRP ETF has recently topped $300 million in net inflows.
The launch of nano perpetual futures for XRP and Solana by Coinbase highlights the platform's commitment to offering traders more accessible and regulated trading tools, which could impact liquidity and interest in these assets.