Coinbase正在准备推出XRP期货，加速机构访问和信号激增的信心

Crypto Exchange Coinbase（NASDAQ：COIN）于4月3日在社交媒体平台X上共享，其衍生工具部门已正式向美国商品期货交易委员会（CFTC）提交，以自我认证与XRP相关的期货合同。

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正在准备在加密货币XRP上推出未来，此举将加速机构对资产的访问和信号，因为美国市场大规模部署了受监管的液体加密衍生品。

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）于4月3日通过社交媒体平台X分享，其衍生工具部门已正式向美国商品期货交易委员会（CFTC）提交，以自我认证与XRP绑定的期货合约。 Coinbase机构说：

“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.”

“我们很高兴地宣布，Coinbase衍生产品已向CFTC提出了自我认证的XRP期货 - 带来了一种受规律的资本效率方法，以获取最流动的数字资产之一。我们预计合同将于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.

根据提交给委员会的申请，将提供纳米XRP期货合同以在Coinbase衍生工具上进行交易，并通过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.

每份期货合约将代表500 XRP，并将使用MarketVector Coinbase XRP基准率进行定价。该交易所将列出三个最接近的每月到期，并执行10％的小时价格波动限制以控制过度的市场波动。最终解决方案将依靠一个小时的窗口中的体积加权中位数价格，如果检测到异常活动，则允许手动调整。位置限制限制为4,000个合同，相当于4000万XRP，占XRP当前市值的约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.

该交易所指出，它没有对该发布的实质性反对，并且已经与市场参与者和期货委员会的商人互动。

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的举动是在BitNomial Exchange在3月20日介绍了第一个受CFTC调节的XRP期货的介绍。Bitnomial的合同是在物理上解决的，并直接与XRP的基本供应和需求息息相关。 Bitnomial还引用了更有利的监管格局，对美国证券交易委员会（SEC）（SEC）撤销了诉讼。

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首席执行官布拉德·加林豪斯（Brad Garlinghouse）并行，对XRP的前景表示乐观。他说，XRP可能包括在政府管理的加密保护区中，并表示对SEC批准XRP ETF的信心。 Garlinghouse表示，SEC的较早立场对XRP产生了负面影响，但在该机构决定在针对Ripple的案件中提出上诉后，指出了一个更有利的监管环境。