Coinbase Derivatives has launched regulated XRP futures contracts, expanding its offerings for U.S. crypto investors.
This launch received self-certification from the Commodity Futures Trading Commission (CFTC). The new products aim to offer institutional and retail traders a capital-efficient way to gain exposure to XRP, a highly liquid digital asset.
Coinbase Derivatives, LLC now offers CFTC-regulated futures for $XRP. https://t.co/omSNu0aEoC
— Coinbase Institutional 🛡️ (@CoinbaseInsto) April 21, 2025
Futures contracts are financial agreements that allow the purchase or sale of an asset at a predetermined price on a future date. These contracts have become popular tools for speculation and risk management within the cryptocurrency market by enabling leverage without requiring traders to own the underlying asset.
According to the official filing with the CFTC, Coinbase Derivatives is offering two types of XRP futures contracts: a nano version, covering 500 XRP, and a standard contract representing 10,000 XRP. Both contracts are benchmarked to the MarketVector Coinbase XRP Index and are settled in U.S. dollars.
The filing further details that the standard version primarily aims at larger institutions seeking greater liquidity, while the smaller nano contract is intended for smaller market participants and retail traders.
This launch aligns with a rising tide of institutional interest in XRP. Leading asset managers like Bitwise, 21Shares, and Franklin Templeton have already filed with the U.S. Securities and Exchange Commission (SEC) to launch XRP-linked exchange-traded products. Coinbase’s introduction of XRP futures contracts seeks to fulfil this demand by providing a compliant and accessible way for investors to gain exposure to XRP.
In addition, Teucrium Investment Advisors LLC is set to launch the first leveraged XRP exchange-traded fund (ETF) in the U.S. following SEC approval. The Teucrium 2x Long Daily XRP ETF, which will trade on NYSE Arca under the ticker XXRP starting April 8, aims to provide investors twice the daily return of XRP using swap agreements, further signalling the growing institutional interest in XRP.
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