Ripple News: Linda Jones Foresees Bullish Future for XRP Amid Coinbase’s Futures Trading Inclusion

The post Ripple News: Linda Jones Foresees Bullish Future for XRP Amid Coinbase’s Futures Trading Inclusion appeared first on Coinpedia Fintech News

Wall Street financial analyst Linda Jones has made a compelling statement, suggesting a bullish outlook for XRP. This came in response to the announcements of the “Coinbase approving perpetual futures contracts for trading XRP. 

Wall Street Expert Linda Jones Bullish on XRP’s Price With Institutional Involvement

Renowned Wall Street financial expert Linda Jones posted a tweet highlighting approving derivative contracts for XRP trading on Coinbase, a prominent US-based exchange specifically made for institutional investors. 

Further, Jones shed light on why XRP holders are optimistic, especially with institutional investors gaining access to XRP.

She clarified that the significance of futures contracts is known for their ability to accommodate substantial price fluctuations, making them attractive to traders aiming to profit from volatile assets.

Jones emphasized that institutional players, especially Wall Street firms and hedge funds, primarily participate in futures trading. This move by Coinbase could open the door to an influx of institutional money into the XRP market, setting the stage for further growth.

Coinbase Introduces Perpetual Futures Trading For All

It’s essential to remember that Coinbase initially received regulatory approval in May to offer futures contracts to non-U.S. institutional investors. Just four months later, they expanded this offering to retail investors.

In a move announced yesterday, Coinbase introduced perpetual futures trading for its international clientele through the Coinbase Advanced platform, with XRP being one of the initial assets available for trading.

As the crypto landscape continues to evolve, experts like Linda Jones point to these developments as pivotal moments for XRP, creating optimism among investors and the potential for a bullish surge shortly.