🚨 XRP FUTURES ARE COMING FOR YOU 🚨
What to know:
- Coinbase Institutional has filed with the CFTC to offer futures contracts tied to Ripple‘s XRP token.
- The XRP futures will be cash-settled, margined contracts, trading under the ticker XRL, and are expected to go live on April 21, 2025.
- This product will be the second CFTC-regulated XRP futures after Bitnomial’s launch in March.
Oh joy, another way for you to lose your shirt on XRP. U.S. crypto giant Coinbase Institutional said on Friday it had submitted a filing to the Commodity Futures Trading Commission (CFTC) to roll out futures contracts tied to Ripple’s closely related XRP token.
“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,” it said in an X post. “We anticipate the contract going 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
According to the filing, the XRP futures will operate as a monthly, cash-settled, margined contract, trading under the ticker XRL. Each contract mirrors XRP’s price, settled in USD, and represents 10,000 XRP — roughly $20,000 at the current $2 per token valuation.
Traders will have flexibility, with contracts available for the current month plus the following two, though a safeguard halts trading if XRP’s spot price swings over 10% within an hour. Because, you know, we don’t want anyone getting too excited and losing all their money.
When launched, the product will be the second after Chicago-based Bitnomial’s CFTC-regulated XRP futures that went live in March. XRP prices are down 2% in the past 24 hours, in line with a broader market drop. But hey, who needs a functioning market when you can have XRP futures, am I right?
Read More
- AUCTION/USD
- Solo Leveling Season 3: What You NEED to Know!
- Owen Cooper Lands Major Role in Wuthering Heights – What’s Next for the Young Star?
- `Tokyo Revengers Season 4 Release Date Speculation`
- Pregnant Woman’s Dish Soap Craving Blows Up on TikTok!
- Pokémon Destined Rivals: Release date, pre-order and what to expect
- Stephen A. Smith Responds to Backlash Over Serena Williams Comments
- Is Disney Faking Snow White Success with Orchestrated Reviews?
- XRP/CAD
- AEW Fans Are Loving Toni Storm’s Uncanny Mariah May Cosplay From Dynamite
2025-04-04 10:22