Behold, the grand announcement on April3 by the esteemed Coinbase Institutional, which doth proclaim their valorous ambition to broaden their derivatives repertoire! They offer a sanctuary, a regulated haven, for the daring investor to dabble in the fortunes of XRP. ๐ฉ๐ฐ
With a flourish of quills and parchment, Coinbase Derivatives hath filed with the CFTC to self-certify XRP futures. “Bringing forth a regulated, capital-efficient way to immerse oneself in one of the most liquid digital assets,” they trumpet with pride. The stage is set for the contract’s debut on April21,2025. ๐โจ
The Particulars of the XRP Futures Contract
As per the certification filing, the XRP futures contract shall be a monthly affair, settled in cash and margined, all under the auspicious symbol XRL. It shall mirror the whims of XRP prices and find its resolution in U.S. dollars. Each contract, a hefty parcel of10,000 XRP, now dances around the sum of $20,000, with tokens priced at a modest $2 each. ๐๐ธ
These contracts, as fleeting as the seasons, shall be traded for the current month and the next two. Should the capricious XRP price leap or plummet more than10% in but an hour, trading shall pause, a safeguard against the tempests of volatility. Coinbase, in consultation with Futures Commission Merchants (FCMs) and other market jesters, hath found support for their bold venture into XRP futures. ๐ช๏ธ๐ก๏ธ
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A Flourishing Arena for XRP Futures
Coinbase, not the pioneer but a valiant contender, enters the fray of XRP futures, following the footsteps of Chicago’s crypto exchange Bitnomial, which in March2025 launched the “first-ever CFTC-regulated XRP futures in the U.S.” Yet, Coinbase’s entry is no less significant, buoyed by its legion of institutional clients and its prominent standing in the U.S. crypto realm. ๐๏ธ๐
XRP futures, already a spectacle on grand stages such as Binance, OKX, Bybit, and BitMEX, now offer investors a plethora of avenues to engage with this sought-after digital asset through the regulated dance of futures contracts. ๐ข๐ผ
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2025-04-04 19:38