XRP Futures Contracts Are Now Live on Coinbase's CFTC-Regulated Derivatives Platform

Coinbase has expanded its CFTC-regulated derivatives platform with the official listing of XRP futures contracts, offering both standard and nano versions.

Coinbase has expanded its CFTC-regulated derivatives platform with the official listing of XRP futures contracts, available in both standard and nano options. According to the company’s announcement on April 21, the new listings allow traders to gain exposure to XRP in a defined and compliant environment, with both contract types settling in U.S. dollars.

The launch continues Coinbase’s strategy to diversify its crypto derivatives offerings for both institutional and retail investors.

Coinbase Derivatives, LLC Now Offers CFTC-Regulated Futures for $XRP

Coinbase today announced the listing of Standard & Nano XRP Futures on its CFTC-regulated derivatives platform. These new products offer traders capital-efficient exposure to one of the most actively traded cryptocurrencies by market capitalization.

— Coinbase Institutional (@CoinbaseInsto) April 21, 2025

The standard XRP futures contract will represent 10,000 XRP, while the nano XRP futures contract is structured to cover 500 XRP. These products are designed to cater to different market participants, with the nano variant targeting smaller institutions and retail traders by offering lower capital requirements. Both product types are benchmarked to the MarketVector Coinbase XRP index.

The contracts are self-certified with the U.S. Commodity Futures Trading Commission (CFTC), meaning they meet the regulatory standards required for listing.

“We are excited to expand our crypto futures offerings with the listing of both standard and nano XRP futures,” said Ben Franks, Head of Coinbase Derivatives. “These new products provide efficient capital exposure to XRP, one of the most actively traded cryptocurrencies by market cap. We continue to expand our derivatives offerings to meet the evolving needs of our institutional and retail clients.”

Broader Derivatives Offering and Regulatory Context

The addition of XRP futures follows earlier product launches by Coinbase Derivatives, LLC, including futures contracts for Solana (SOL) and Hedera (HBAR), which went live in February 2025. With the inclusion of XRP, Coinbase’s derivatives exchange now supports over 20 crypto-based contracts in addition to traditional commodity-linked products such as gold, silver, natural gas, and crude oil.

Coinbase is not the first exchange to offer regulated XRP futures in the U.S. Bitnomial introduced similar contracts earlier. However, Coinbase’s listing is expected to provide broader market access due to its larger institutional reach and more extensive infrastructure.

The launch comes amid favorable legal developments surrounding Ripple Labs, the developer of XRP. A key federal ruling in July 2023 found that Ripple’s programmatic sales of XRP did not constitute securities transactions. In March 2025, the U.S. Securities and Exchange Commission (SEC) decided to withdraw its appeal, allowing the ruling to stand. This legal clarity has contributed to increased interest in XRP-related financial products, including derivatives and fund offerings.

Institutional Interest and Market Impact

Coinbase’s move to offer XRP futures coincides with a rising number of institutional applications for XRP-related investment products. Asset managers including Bitwise, Canary Capital, 21Shares, and Franklin Templeton have submitted filings to the SEC for exchange-traded products involving XRP, suggesting broader demand for exposure to the digital asset.

By introducing both standard and nano XRP futures, Coinbase aims to meet varying trading needs across the investor spectrum. The standard contracts provide large institutions with significant exposure and liquidity, while the nano contracts offer smaller market participants an accessible entry point into futures trading.

This development underscores Coinbase’s ongoing commitment to building a comprehensive suite of regulated derivatives. Coinbase position as a leading platform for digital asset trading in compliance with U.S. regulatory standards.