🚀 Coinbase’s Bold Leap into XRP Futures: A Comedy of Contracts 🎭

by

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. 🎩💰

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. 📜✨

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. 💃💸

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. 🌪️🛡️

READ MORE:

BlockDAG’s Beta Testnet Becomes the Dev Hub – Ondo Crosses $3.2B & Ethena’s Supply Hits6B

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. 🏛️🌟

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. 🎢💼

Read More

2025-04-04 19:38