Coinbase Institutional Is Close to Offering XRP Futures

The exchange submitted a filing to the CFTC to list XRP futures. U.S. crypto giant Coinbase Institutional said on Friday it had submitted a filing to the Commodity Futures Trading Commission (CFTC) to roll out futures contracts tied to Ripple’s closely related XRP token. "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," it said in an X post. "We anticipate the contract going live on April 21, 2025." According to the filing, the XRP futures will operate as a monthly, cash-settled, margined contract, trading under the ticker XRL. Each contract mirrors XRP’s price, settled in USD, and represents 10,000 XRP — roughly $20,000 at the current $2 per token valuation. Traders will have flexibility, with contracts available for the current month plus the following two, though a safeguard halts trading if XRP’s spot price swings over 10% within an hour. When launched, the product will be the second after Chicago-based Bitnomial's CFTC-regulated XRP futures that went live in March. XRP prices are down 2% in the past 24 hours, in line with a broader market drop. https://www.coindesk.com/markets/2025/04/04/coinbase-institutional-is-close-to-offering-xrp-futures #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple