Coinbase Derivatives to Launch XRP Futures Contracts
Coinbase Derivatives, the derivatives branch of the American cryptocurrency giant, is announcing the launch of two new XRP futures contracts. These products, set to launch on April 21, aim to meet the growing demand from investors for regulated and high-performing tools to invest in one of the most liquid assets on the market.
The first contract will represent 10,000 XRP tokens, while the “nano” version will be indexed to 500 tokens. Both contracts will be cash-settled and backed by the MarketVector Coinbase XRP index, ensuring increased transparency and liquidity.
A Strong Signal in a Favorable Legal Climate
This launch comes in a more favorable legal context for Ripple. The Securities and Exchange Commission (SEC) recently decided not to appeal the case against Ripple, confirming a key precedent: programmatic sales of XRP through platforms like Coinbase do not fall under securities law. However, direct sales to institutions are still considered security offerings.
A Targeted Expansion Strategy
The introduction of XRP contracts is part of Coinbase’s broader strategy to build a diversified derivatives ecosystem. Already present in the futures market for Bitcoin, Ethereum, Solana, Dogecoin, Cardano, and commodities such as gold, silver, and crude oil, the platform is expanding its offerings.
Launched in 2022 after acquiring FairX, a derivatives exchange registered with the CFTC, Coinbase Derivatives continues to gain momentum. By offering products tailored to both institutional investors and retail traders, the company aims to solidify its position in a rapidly evolving market.
An Offering Designed for Liquidity and Risk Management
With these XRP contracts, Coinbase addresses two major concerns: risk management and efficient access to liquid assets. The nano version, which is more accessible, targets small investors and active traders, while the standard contract is aimed at institutional investors looking to hedge or arbitrage larger positions.
