XRP期貨合約現在屬於Coinbase的CFTC調節平台上

Coinbase通過XRP期貨合約的官方上市擴展了其CFTC調節的衍生工具平台，並提供標準版本和納米版本。

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.

Coinbase通過XRP期貨合約的官方上市，擴展了其CFTC調節的衍生工具平台，標準和納米選項都可以使用。根據該公司4月21日的公告，新的上市允許交易者在定義且合規的環境中獲得XRP的曝光率，兩種合同類型都以美元和解。

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

該發布會延續了Coinbase為機構和零售投資者提供加密衍生品產品多樣化的戰略。

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

Coinbase Verivatives，LLC現在為$ XRP提供CFTC調節的期貨

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今天宣佈在其CFTC調節的衍生品平台上列出標準和納米XRP期貨。這些新產品可為貿易商提供資本有效的風險，即通過市值為最積極的加密貨幣之一。

— Coinbase Institutional (@CoinbaseInsto) April 21, 2025

- Coinbase Institutional（@CoinBaseInsto）2025年4月21日

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.

標準XRP期貨合約將代表10,000 XRP，而Nano XRP期貨合約的結構為500 XRP。這些產品旨在滿足不同的市場參與者的需求，納米型號針對較小的機構和零售商人，通過提供較低的資本要求。兩種產品類型均標準為MarketVector Coinbase XRP指數。

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

合同與美國商品期貨交易委員會（CFTC）進行了自我認證，這意味著它們符合上市所需的監管標準。

“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.”

Coinbase衍生產品負責人本·弗蘭克斯（Ben Franks）表示：“我們很高興能在標準和納米XRP期貨的上市中擴大加密貨幣期貨產品。” “這些新產品為XRP提供了有效的資本敞口，這是市值按市值進行的最積極交易的加密貨幣之一。我們繼續擴大我們的衍生品產品，以滿足機構和零售客戶的不斷發展的需求。”

Broader Derivatives Offering and Regulatory Context

更廣泛的衍生品和監管環境

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 Verivatives，LLC的較早產品推出，包括Solana（Sol）（Sol）（Sol）和Hedera（HBAR）（HBAR）的較早產品發布，該產品將於2025年2月進行。隨著Coinbase的衍生工具的包括XRP，現在還包括20種基於Crypto Crossing Cossing Cossing Cossing Grosity Nortority Oriol-Crude and Crude-crude goldinder-crude goldincer-crueld and Crude goldink goldink goldincersick grod and Sillver goldincrude and Sillver goldincrude。

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.

Coinbase並不是第一次提供美國比特義務的受監管XRP期貨的交易所提出了類似的合同。但是，由於其較大的機構覆蓋範圍和更廣泛的基礎設施，預計Coinbase的上市將提供更廣泛的市場通道。

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.

該發布會是在圍繞XRP開發人員的Ripple Labs的有利法律發展中。 2023年7月的一項關鍵聯邦裁決發現，Ripple的XRP程序銷售並不構成證券交易。 2025年3月，美國證券交易委員會（SEC）決定撤回其上訴，從而允許該裁決立場。這種法律清晰度導致人們對XRP相關的金融產品（包括衍生品和資金產品）的興趣增加。

Institutional Interest and Market Impact

機構利益和市場影響

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.

Coinbase提供XRP期貨的舉動恰逢XRP相關投資產品的機構申請增加。資產管理人員在內的資產經理包括Bitwise，Canary Capital，21shares和Franklin Templeton已向SEC提交了涉及XRP的交易所交易產品，這表明對數字資產的影響更大。

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.

通過引入標準和納米XRP期貨，Coinbase的目標是滿足投資者範圍內不同交易需求。標準合同為大型機構提供了大量的風險和流動性，而納米合同為較小的市場參與者提供了可訪問的期貨交易的入口點。

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.

這一發展強調了Coinbase持續致力於建立一系列受監管的衍生工具的承諾。 Coinbase位置是符合美國監管標準的數字資產交易的領先平台。