Coinbase Expands Derivatives Offering with XRP Futures
Coinbase, a leading global exchange, has taken a major step towards expanding its derivatives offering. The platform recently submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to list futures contracts for XRP.
In its official announcement on April 3, Coinbase Derivatives, the CFTC-regulated derivatives division of the company, announced that it had filed a request with the regulator for self-certification of XRP futures. According to the statement, the new XRP futures contract is expected to go live on April 21, 2025.
“We are excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify $XRP futures – providing a regulated and capital-efficient way to gain exposure to one of the most liquid digital assets. We anticipate the contract will go live on April 21, 2025.”
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. Stay tuned …
— Coinbase Institutional ️ (@CoinbaseInsto) April 3, 2025
CFTC Filing Details XRP Futures Characteristics
The CFTC filing also provides crucial information about the characteristics of XRP futures. The contract, with the symbol XRL, will be a monthly cash-settled and margined contract. The settlement price will be based on the MarketVector Coinbase XRP Benchmark Rate, which reflects the reference price of XRP on the Coinbase platform.
At the time of publication, the price of XRP was quoted at US$2.10, up 5.9% in the last 24 hours.
Cardano Futures Arrives on Coinbase, Boosting Institutional Adoption
In a movement solidifying Cardano’s (ADA) position in the crypto landscape, Coinbase Derivatives announced on March 31 the listing of futures for natural gas and Cardano (ADA). The cryptocurrency’s listing on the platform exposes ADA to both institutional and retail investors.
“Coinbase Derivatives, LLC now offers CFTC-regulated futures for natural gas and Cardano $ADA,” it announced.
The company recently announced that it has submitted an application to the Commodity Futures Trading Commission (CFTC) to self-certify ADA futures. The news marks a significant milestone for the cryptocurrency, which will now have a new channel for derivatives trading on one of the world’s largest exchanges.