XRP期货合约现在属于Coinbase的CFTC调节平台上

Coinbase通过XRP期货合约的官方上市扩展了其CFTC调节的衍生工具平台，并提供标准版本和纳米版本。

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通过XRP期货合约的官方上市，扩展了其CFTC调节的衍生工具平台，标准和纳米选项都可以使用。根据该公司4月21日的公告，新的上市允许交易者在定义且合规的环境中获得XRP的曝光率，两种合同类型都以美元和解。

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

该发布会延续了Coinbase为机构和零售投资者提供加密衍生品产品多样化的战略。

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

Coinbase Verivatives，LLC现在为$ XRP提供CFTC调节的期货

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今天宣布在其CFTC调节的衍生品平台上列出标准和纳米XRP期货。这些新产品可为贸易商提供资本有效的风险，即通过市值为最积极的加密货币之一。

— 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.

标准XRP期货合约将代表10,000 XRP，而Nano XRP期货合约的结构为500 XRP。这些产品旨在满足不同的市场参与者的需求，纳米型号针对较小的机构和零售商人，通过提供较低的资本要求。两种产品类型均标准为MarketVector Coinbase XRP指数。

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

合同与美国商品期货交易委员会（CFTC）进行了自我认证，这意味着它们符合上市所需的监管标准。

“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衍生产品负责人本·弗兰克斯（Ben Franks）表示：“我们很高兴能在标准和纳米XRP期货的上市中扩大加密货币期货产品。” “这些新产品为XRP提供了有效的资本敞口，这是市值按市值进行的最积极交易的加密货币之一。我们继续扩大我们的衍生品产品，以满足机构和零售客户的不断发展的需求。”

Broader Derivatives Offering and Regulatory Context

更广泛的衍生品和监管环境

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的较早产品推出，包括Solana（Sol）（Sol）（Sol）和Hedera（HBAR）（HBAR）的较早产品发布，该产品将于2025年2月进行。随着Coinbase的衍生工具的包括XRP，现在还包括20种基于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并不是第一次提供美国比特义务的受监管XRP期货的交易所提出了类似的合同。但是，由于其较大的机构覆盖范围和更广泛的基础设施，预计Coinbase的上市将提供更广泛的市场通道。

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.

该发布会是在围绕XRP开发人员的Ripple Labs的有利法律发展中。 2023年7月的一项关键联邦裁决发现，Ripple的XRP程序销售并不构成证券交易。 2025年3月，美国证券交易委员会（SEC）决定撤回其上诉，从而允许该裁决立场。这种法律清晰度导致人们对XRP相关的金融产品（包括衍生品和资金产品）的兴趣增加。

Institutional Interest and Market Impact

机构利益和市场影响

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期货的举动恰逢XRP相关投资产品的机构申请增加。资产管理人员在内的资产经理包括Bitwise，Canary Capital，21shares和Franklin Templeton已向SEC提交了涉及XRP的交易所交易产品，这表明对数字资产的影响更大。

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.

通过引入标准和纳米XRP期货，Coinbase的目标是满足投资者范围内不同交易需求。标准合同为大型机构提供了大量的风险和流动性，而纳米合同为较小的市场参与者提供了可访问的期货交易的入口点。

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.

这一发展强调了Coinbase持续致力于建立一系列受监管的衍生工具的承诺。 Coinbase位置是符合美国监管标准的数字资产交易的领先平台。