Coinbase正在準備推出XRP期貨，加速機構訪問和信號激增的信心

Crypto Exchange Coinbase（NASDAQ：COIN）於4月3日在社交媒體平台X上共享，其衍生工具部門已正式向美國商品期貨交易委員會（CFTC）提交，以自我認證與XRP相關的期貨合同。

Coinbase is preparing to launch futures on the cryptocurrency XRP, in a move that will accelerate institutional access to the asset and signals surging confidence as U.S. markets massively deploy regulated, liquid crypto derivatives.

Coinbase正在準備在加密貨幣XRP上推出未來，此舉將加速機構對資產的訪問和信號，因為美國市場大規模部署了受監管的液體加密衍生品。

Coinbase (Nasdaq: COIN) shared via social media platform X on April 3 that its derivatives unit has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify a futures contract tied to XRP. Coinbase Institutional stated:

Coinbase（NASDAQ：COIN）於4月3日通過社交媒體平台X分享，其衍生工具部門已正式向美國商品期貨交易委員會（CFTC）提交，以自我認證與XRP綁定的期貨合約。 Coinbase機構說：

“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. We anticipate the contract going live on April 21, 2025.”

“我們很高興地宣布，Coinbase衍生產品已向CFTC提出了自我認證的XRP期貨 - 帶來了一種受規律的資本效率方法，以獲取最流動的數字資產之一。我們預計合同將於2025年4月21日直播。”

The nano XRP Futures contract will be offered for trading on Coinbase Derivatives and cleared through Nodal Clear, according to the filing submitted to the Commission.

根據提交給委員會的申請，將提供納米XRP期貨合同以在Coinbase衍生工具上進行交易，並通過Nodal Clear清除。

Each futures contract will represent 500 XRP and will be priced using the Marketvector Coinbase XRP Benchmark Rate. The exchange will list the three nearest monthly expirations and enforce a 10% hourly price fluctuation limit to control excessive market swings. Final settlement will rely on a volume-weighted median price across a one-hour window, with manual adjustments allowed if abnormal activity is detected. Position limits are capped at 4,000 contracts, equivalent to 40 million XRP or approximately 0.07% of XRP’s current market cap.

每份期貨合約將代表500 XRP，並將使用MarketVector Coinbase XRP基准率進行定價。該交易所將列出三個最接近的每月到期，並執行10％的小時價格波動限制以控製過度的市場波動。最終解決方案將依靠一個小時的窗口中的體積加權中位數價格，如果檢測到異常活動，則允許手動調整。位置限制限制為4,000個合同，相當於4000萬XRP，佔XRP當前市值的約0.07％。

The exchange noted it has received no substantive opposition to the launch and has already engaged with market participants and futures commission merchants.

該交易所指出，它沒有對該發布的實質性反對，並且已經與市場參與者和期貨委員會的商人互動。

Coinbase’s move follows Bitnomial Exchange’s introduction of the first CFTC-regulated XRP futures on March 20. Bitnomial’s contracts are physically settled and directly tied to XRP’s underlying supply and demand. Bitnomial also dropped its lawsuit against the U.S. Securities and Exchange Commission (SEC), citing a more favorable regulatory landscape.

Coinbase的舉動是在BitNomial Exchange在3月20日介紹了第一個受CFTC調節的XRP期貨的介紹。 Bitnomial的合同是在物理上解決的，並直接與XRP的基本供應和需求息息相關。 Bitnomial還引用了更有利的監管格局，對美國證券交易委員會（SEC）（SEC）撤銷了訴訟。

In parallel, Ripple CEO Brad Garlinghouse has voiced renewed optimism about XRP’s prospects. He stated XRP may be included in a government-managed crypto reserve and expressed confidence that the SEC will approve spot XRP ETFs. Garlinghouse said the SEC’s earlier position had negatively impacted XRP but noted a more favorable regulatory environment following the agency’s decision to drop its appeal in the case against Ripple.

Ripple首席執行官布拉德·加林豪斯（Brad Garlinghouse）並行，對XRP的前景表示樂觀。他說，XRP可能包括在政府管理的加密保護區中，並表示對SEC批准XRP ETF的信心。 Garlinghouse表示，SEC的較早立場對XRP產生了負面影響，但在該機構決定在針對Ripple的案件中提出上訴後，指出了一個更有利的監管環境。