Coinbase Rolls Out Two New XRP Futures Contracts

Coinbase has officially rolled out two XRP futures contracts on its derivatives exchange, offering market participants new tools to manage risk and gain exposure to the price of the fourth-largest crypto asset

Coinbase has begun rolling out two sizes of XRP futures on its derivatives exchange, the company said in a Monday announcement, offering market participants new tools to manage risk or gain exposure to the price of the fourth-largest crypto asset.

Coinbase Derivatives, LLC is now offering CFTC-regulated futures for $XRP.

The newly launched XRP futures come in two sizes: a nano XRP futures product, tailored for smaller participants, will represent 500 XRP per contract and be cash-settled in USD. It’s aimed at retail traders and smaller institutions seeking lower capital requirements while maintaining exposure to XRP price movements.

The XRP futures product will represent 10,000 XRP per contract, also cash-settled in USD. This version is designed for large institutions and active traders.

The new offerings help expand Coinbase Derivatives’ product lineup, which already includes over 20 futures contracts on assets such as Bitcoin, Ether, Dogecoin, Stellar, Chainlink, and Solana, to name a few.

Coinbase Derivatives announced plans to launch the two XRP futures products earlier this month after unveiling CFTC-regulated Cardano (ADA) and Natural Gas (NGS) futures contracts. These launches are part of the exchange’s strategy to provide investors with more regulated crypto and traditional futures trading options.

Earlier this year, Bitnomial became the first to introduce CFTC-regulated XRP futures in the US.