Coinbase has officially lodged a request with the U.S. Commodity Futures Trading Commission (CFTC) to launch XRP futures.
The XRP futures contract is expected to go live on April 21, 2025, pending regulatory clearance.
Coinbase’s Latest Offering
“We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures,” the company stated in a statement.
This strategic move aims to provide a regulated, capital-efficient way for traders to gain exposure to XRP, which remains one of the most liquid digital assets on the market. More details regarding the product’s availability and rollout will be unveiled soon.
Coinbase has been actively expanding its derivatives offerings, having recently launched futures contracts for Solana (SOL) and Hedera (HBAR). Furthermore, the exchange has also sought CFTC approval for the introduction of Cardano (ADA) and Natural Gas (NGS) futures.
If approved, the ADA futures would enable traders to speculate on price movements without the necessity of holding the asset, while the NGS product would mark Coinbase’s entry into the energy derivatives sector. The company anticipates rolling out both offerings before the end of April, contingent upon CFTC approval.
Positive Developments in the XRP Ecosystem
Coinbase’s initiative to introduce XRP derivatives comes at a critical time characterized by significant legal developments within the Ripple ecosystem.
The ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), initiated in 2020, has recently concluded. The SEC had alleged that Ripple sold its native token as an unregistered security.
Ripple CEO, Brad Garlinghouse, announced in March that the agency chose to drop its appeal, although an official confirmation from the SEC is still awaited. As part of the settlement, Ripple agreed to withdraw its cross-appeal and pay a $50 million fine, significantly reduced from the original $125 million penalty.
The resolution has sparked renewed hope within the XRP community, which has long sought legal clarity. Industry analysts believe this outcome could potentially pave the way for a spot XRP exchange-traded fund (ETF) in the United States.
Multiple asset managers, including Bitwise, Canary Capital, 21Shares, WisdomTree, CoinShares, Grayscale, and Franklin Templeton, have filed for approval to launch such financial products. ProShares and Volatility Shares are also pursuing the regulator’s endorsement for XRP-based investment vehicles.
Nate Geraci, President of the ETF store, has expressed his optimism, asserting that with the legal ambiguities resolved, it is merely a matter of time. He further predicted that financial titans such as BlackRock and Fidelity may soon venture into the XRP domain with their investment offerings.
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