The coded currency platform said on April 21 that Coinbase listed the XRP futures contracts in the exchange of its derivatives in the United States.
Contracts are supervised by the American Commodity Futures Trading Committee (CFTC) and provides merchants “an organized and effective method of capital to acquire one of the most liquid digital assets”, the company He said In a post on the X.
Coinbase’s XRP (XRP) futures for 10,000 XRP and NANO contracts to retail sale, which represent 500 XRP each, or about $ 1,000 as of April 21, According to To organizational files.
Coinbase derivatives contracts, which are also characterized by Solana and HEDERA (HBAR), are both in February.
Related to: Coinbase in talks to purchase DRIBIT derivatives: Report
The growing market chip
Since 2024, American stock exchanges – including Coinbase, Robinhood and Chicago Mercantile Exchange – have expanded the range of future coding offers in response to strong demand from investors in retail and institutions.
Futures are unified agreements to buy or sell a basic origin in a future history. It is very popular in hedging and speculation because they allow traders to take long and short situations, and often with lifting.
Coinbase lists the derivatives associated with about 92 of different assets on their international exchange and about twenty in the United States, according to its website.
Its products circulating in the United States include contracts associated with momenate, such as Dogecoin (Doge), and commodities, such as oil and gold.
In December, Coinbase said that derivative trading volumes increased by about 10,950 % in 2024. According to what was reported, the stock exchange is said to have been in talks to buy Deribit in an attempt to expand its derivatives.
Coinbase launched the exchange of its derivatives in the United States in 2022, bringing the future currency futures-Nano contracts directed towards retail-retail-dozens of millions of American users.
XRP LEDGER was launched in 2012, among the oldest Blockchain networks and decentralized funds (Defi) for institutions.
As of April 21, the market value of XRP is about $ 120 billion, According to To Coinmarketcap.
In March, the US Securities and Stock Exchange Committee (SEC) fell a lawsuit against the XRP developer, Ripple, for violations of the alleged securities law.
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