XRP Futures Underway? Coinbase Institutional Files With CFTC
As the entire cryptocurrency market was drowning in losses, prominent cryptocurrency exchange Coinbase shared a bullish update with the industry. Ripple’s XRP has been witnessing a favorable time after struggling for several years. Adding to the asset’s growth, Coinbase revealed that its derivatives platform has filed with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify futures contracts for XRP. This comes as a major gain for the XRP market and its investors.
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A Look Into Coinbase’s Latest Filing
According to a recent announcement, the Coinbase Derivatives platform is all set to certify XRP futures. The firm revealed that the XRP futures will launch on April 21, 2025. As long as Coinbase follows the required guidelines, its self-certification with the CFTC permits it to introduce futures without awaiting the agency’s express approval.
Coinbase Derivatives will be introducing a new structured trading product to the market with the launch of XRP futures. This might further increase liquidity and draw in more institutional investors. But, through its latest filing, Coinbase intends to provide both institutional and retail investors with a regulated and more capital-efficient means of gaining exposure to the altcoin.
We're excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify $XRP futures – bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets.
— Coinbase Institutional
We anticipate the contract going live on April 21, 2025.
Stay tuned… pic.twitter.com/nKUPjjnMKW(@CoinbaseInsto) April 3, 2025
Also Read: BRICS May Get Boost as Deutsche Bank Warns of ‘Dollar Confidence Crisis’
How Did The Altcoin React To This News?
The latest filing comes as bullish news to the Ripple market as it boosts adoption. Futures contracts are helpful for speculating or hedging, and they can increase XRP’s accessibility for new investors. At the time of writing, XRP was trading at $2.04. It looks like the asset was increasingly impacted by the overall market sentiment. This is because Ripple’s cryptocurrency was down by 1.17% throughout the past 24 hours.
While the announcement hasn’t made a difference to the price of the altcoin, the community is betting on the actual launch to move the price of XRP.
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XRP Futures Underway? Coinbase Institutional Files With CFTC
As the entire cryptocurrency market was drowning in losses, prominent cryptocurrency exchange Coinbase shared a bullish update with the industry. Ripple’s XRP has been witnessing a favorable time after struggling for several years. Adding to the asset’s growth, Coinbase revealed that its derivatives platform has filed with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify futures contracts for XRP. This comes as a major gain for the XRP market and its investors.
Also Read: Jim Cramer Calls Nvidia (NVDA) Stock a “Meme Stock”: Is It?
A Look Into Coinbase’s Latest Filing
According to a recent announcement, the Coinbase Derivatives platform is all set to certify XRP futures. The firm revealed that the XRP futures will launch on April 21, 2025. As long as Coinbase follows the required guidelines, its self-certification with the CFTC permits it to introduce futures without awaiting the agency’s express approval.
Coinbase Derivatives will be introducing a new structured trading product to the market with the launch of XRP futures. This might further increase liquidity and draw in more institutional investors. But, through its latest filing, Coinbase intends to provide both institutional and retail investors with a regulated and more capital-efficient means of gaining exposure to the altcoin.
We're excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify $XRP futures – bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets.
— Coinbase Institutional
We anticipate the contract going live on April 21, 2025.
Stay tuned… pic.twitter.com/nKUPjjnMKW
Also Read: BRICS May Get Boost as Deutsche Bank Warns of ‘Dollar Confidence Crisis’
How Did The Altcoin React To This News?
The latest filing comes as bullish news to the Ripple market as it boosts adoption. Futures contracts are helpful for speculating or hedging, and they can increase XRP’s accessibility for new investors. At the time of writing, XRP was trading at $2.04. It looks like the asset was increasingly impacted by the overall market sentiment. This is because Ripple’s cryptocurrency was down by 1.17% throughout the past 24 hours.
While the announcement hasn’t made a difference to the price of the altcoin, the community is betting on the actual launch to move the price of XRP.
Also Read: Nike (NKE) Stock Down Double Digits Following Reciprocal Tariffs
Read More