Coinbase Derivatives, a division of Coinbase, announced it opened regulated XRP futures trading on April 21, 2025, after receiving approval from the U.S. Commodity Futures Trading Commission (CFTC).
Also read: Is XRP a Good Investment? What To Know
The contracts, filed for self-certification on April 3, 2025, include standard futures of 10,000 XRP and nano futures of 500 XRP, both cash-settled in USD under the ticker XRL. To ensure stability and reduce volatility, there are trading pauses if spot XRP prices move more than 10% within an hour.
Coinbase XRP Futures Follow Bitnomial’s Products
The launch of Coinbase’s XRP futures follows Bitnomial’s introduction of XRP futures contracts in March 2025, but Coinbase’s dominant U.S. market presence could drive increased activity and adoption.
The XRP futures launch is also in line with Coinbase’s strategy to continue building out its derivatives portfolio, which includes CFTC-regulated futures for assets like Cardano and Natural Gas.
XRP, native to the XRP Ledger launched in 2012, supports fast, low-cost cross-border payments, with transactions settling in 3-5 seconds at fees as low as 0.00001 XRP. With a circulating supply of 58.39 billion XRP and a market capitalization of approximately $121.5 billion, XRP’s liquidity makes it a better asset for futures trading.
Also read: Is Coinbase Safe? Everything You Need To Know
XRP Price Stays Resilient Despite Market Dips
As of 10:00 AM UTC on April 22, 2025, XRP trades at $2.08, down 2.24% over the past 24 hours, with a trading volume of $2.43 billion, according to the Ecoinimist Markets Page.
XRP token price chart (Source: TradingView)
Earlier in April, negative funding rates for XRP derivatives led to a bearish sentiment among traders, but recent price stability and recovery show a potential shift, perhaps driven by institutional demand and regulatory clarity.
How Ripple’s Court Victory Is Lifting XRP’s Future
The introduction of futures comes at a time when the XRP token is seeing a positive regulatory shift. In March 2025, the U.S. Securities and Exchange Commission dropped its appeal in a lawsuit against Ripple Labs, agreeing to a $50 million fine, down from an initial $125 million penalty, pending court approval.
Also read: Oppenheimer Cuts Coinbase Forecast Amid Trump Tariff Fallout
This resolution, alongside filings from fund managers like Bitwise and Franklin Templeton for XRP-related investment products, is a testament to the growing institutional interest and demand of the asset.
As Coinbase increases access to XRP through regulated derivatives, the cryptocurrency’s integration into mainstream finance is set to grow, marking a milestone for the asset’s mainstream adoption.
Leave a Reply