Key takeout
- Coinbase is planning to launch an XRP futures contract that has been pending regulatory approval from the CFTC.
- Coinbase continues to expand its derivatives market with self-certified agreements such as Sol and HBAR.
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The leading Crypto Firm Coinbase is seeking regulatory Greenlight to provide XRP futures contracts. This is a move to expand its offering in the derivatives market.
Coinbase Derivatives announced Thursday that it had submitted documents to the CFTC for XRP’s self-certified futures. The contract is scheduled to begin on April 21st.
We look forward to announce that Coinbase Derivatives has submitted self-certification to CFTC $ xrp Futures – brings a regulated, capital-efficient way to expose to one of the most liquid digital assets.
The contract is expected to be released on April 21, 2025.
stay tuned… pic.twitter.com/nkupjjnmkw
– Coinbase Institutional April 3, 2025
The self-certification process allows Coinbase to assert regulatory compliance on futures contracts, streamlining implementation unless the CFTC challenges it.
The move follows Coinbase’s recent launch of Solana (SOL) and Hedera (HBAR) futures contracts, which is part of a strategy that will allow traders to access both crypto and traditional futures trading on regulated platforms.
The exchange also awaits CFTC approval for Cardano (ADA) and Natural Gas (NGS) futures contracts, with plans to launch by the end of the month.
XRP traded over $2 at press with minimal price fluctuations in the last 24 hours per trading view.
Digital assets are recognized for their role in fast, low-cost cross-border payments. The proposed futures contract allows traders to be exposed to XRP price movements without retaining the underlying assets.
XRP has long been the target of SEC scrutiny. Regulators launched a lawsuit against token developer Ripple Labs in 2020, claiming XRP’s status as unregistered security.
Last month, four years after the start of the legal battle, Ripple CEO Brad Garlinghouse announced that the SEC would withdraw its appeal against the company.
As part of the settlement, Ripple agreed to pay a $50 million fine, down from the original $125 million penalty. The blockchain company also finalized a resolution that had pending legal proceedings and retracted the attack.
Experts believe this result could lead to approval of the Spot XRP ETF in the US. Several fund managers filed with the SEC for their respective XRP ETFs, including Bitwise, Canary Capital, 21 Share, Wisdom Tree, Coinshare, Grayscale, and Franklin Templeton.
Proshares and Volatility stocks are also seeking approval for XRP-related investment products.
ETF Store president Nate Geraci predicts case resolution could encourage financial giants such as BlackRock and Fidelity to explore the development of XRP ETFs.
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