With the entire cryptocurrency market facing losses, the renowned cryptocurrency exchange Coinbase shared a bullish update with the industry. Ripple XRP has been witnessing favorable times after struggling for several years. In addition to asset growth, Coinbase revealed that its derivatives platform has submitted a self-certification for XRP futures contracts to the U.S. Commodity Futures Trading Commission (CFTC). This represents a significant gain for the XRP market and its investors.
Also Read: Jim Cramer Calls NVIDIA (NVDA) Stock a “Meme Stock”: Is It?
Check Out Coinbase’s Latest Filing
Source – Coinbase Blog
According to a recent announcement, the Coinbase derivatives platform will aim to establish XRP futures. The company disclosed that XRP futures will launch on April 21, 2025. As long as Coinbase adheres to the required guidelines, its self-certification with the CFTC allows it to introduce futures without waiting for explicit approval from the agency.
With the launch of XRP Futures, Coinbase’s derivatives will bring new structured trading products to the market. This could further enhance liquidity and attract more institutional investors. Moreover, through its latest filed documents, Coinbase intends to provide regulated and higher capital-efficient means for both institutional and retail investors to gain exposure to alternative tokens.
We are excited to announce that Coinbase derivatives have submitted self-certification for $XRP futures to the CFTC – bringing a regulated capital-efficient way to access one of the most liquid digital assets.
We expect the contract to go live on April 21, 2025.
Stay tuned…pic.twitter.com/nKUPjjnMKW – Coinbase Institutional
