Key dealers
- Coinbase plans to start XRP futures agreements awaiting legislative approval from CFTC.
- Coinbase continues to expand its derivative market with self -certified contracts such as Sol and Hbar.
Leading crypto companies Coinbase is looking for Regulatory Greenlight to offer the XRP futures agreement – a feature that would expand its offers in the derivative market.
Coinbase derivative announced Thursday that it had submitted documentation to CFTC to self-certify future for XRP. The contract is expected to be launched on April 21.
We are pleased to announce that Coinbase derivatives have submitted to CFTC to self-certify $ XRP Futures-to give a regulated, capital-efficient way to get exposure to one of the most liquid digital assets.
We expect the contract to go live on April 21, 2025.
Stay up to date … pic.twitter.com/nkupjnmkw
– Coinbase Institutional 🛡 (@Coinbaseinsto) April 3, 2025
The self -certification process enables Coinbase to assert the compliance of legislation for futures agreements, and streamlines their introduction unless CFTC raises objections.
The move follows Coinbase’s latest launch of Solana (SOL) and Hedera (Hbar) Futures Agreement, part of their strategy for giving traders access to both crypto and traditional futures trading on a regulated platform.
The exchange is also waiting for CFTC approval for Cardano (ADA) and Natural Gas (NGS) Futures Agreementscheduled for launch at the end of the month.
XRP traded over $ 2 at press time with minimal price fluctuation over the past 24 hours, per Tradingview.
The digital asset is reported for its role in fast, cheap cross -border payments. The proposed future contract would enable traders to obtain exposure to XRP’s price movements without keeping the underlying asset.
XRP has long been the target of SEC’s review. The controller began a mood against Ripple Labs, Token’s Developer, 2020, and claimed XRP’s status as an unregistered security.
Four years from the beginning of the legal battle, last month, announced Ripple CEO Brad Garlinghouse Sec’s withdrawal of its appeal Against the company.
As part of the settlement, Ripple agreed to pay a reduced Fines of $ 50 milliondown from Original 125 million dollars penalty. The blockchain company also withdrew its appeal and completed the resolution pending legal formalities.
Experts believe that this result can lead to approval of a place XRP ETF in the United States. Several fund managers have submitted to Sec for their respective XRP ETFs, including Bitwise, Canary Capital, 21Shares, Wisomtree, Coinshares, Greyscale and Franklin Templeton.
Proshares and Volatility shares also seek approval for their XRP-related investment products.
ETF -Store President Nate Geraci expects the resolution of the case to encourage financial giants such as Blackrock and Fidelity to explore the development of XRP ETFs.
