Coinbase Launches XRP Futures

CFTC-regulated futures linked to the Ripple-associated XRP token have launched on the Coinbase exchange, as announced on Monday.

Coinbase Institutional filed for XRP futures trading with the CFTC earlier this month, following Bitnomial’s pioneering move with the first XRP futures earlier this year.

These regulated futures are significant for XRP, promoting broader institutional acceptance and contributing to market maturity. Institutions typically hesitant to engage with unregulated platforms can now safely gain exposure to cryptocurrency through these products.

Regulated cryptocurrency futures are seen as a key step toward launching a spot exchange-traded fund in the US, enhancing price discovery and reducing market manipulation.

A recent Kaiko report highlights that XRP has surpassed Solana in the US spot ETF race due to increasing market depth. Currently, over a dozen XRP ETF filings await review by incoming SEC Chair Paul Atkins.