XRP Futures Launched by Coinbase

Coinbase Launches XRP and Nano XRP Futures Contracts

• Coinbase introduced two XRP futures contracts on its derivatives exchange.
• The contracts are CFTC-regulated and settled in US dollars.
• The nano XRP futures represent 500 XRP per contract, aimed at retail traders.
• The standard XRP futures represent 10,000 XRP per contract for large institutions.
• XRP was trading at approximately $2.1, up around 3% in the last 24 hours.

Coinbase has expanded its derivatives offerings with the launch of two CFTC-regulated XRP futures contracts, providing new tools for market participants to manage risk and gain exposure to the fourth-largest crypto asset. The nano version targets smaller traders with lower capital requirements, while the standard version caters to larger institutions.