Coinbase has launched XRP futures contracts on its U.S. derivatives exchange, opening up fresh opportunities for traders and investors.
Announced on April 21, this positive development will allow users to trade XRP in a regulated and capital-efficient market, with oversight from the U.S. Commodity Futures Trading Commission (CFTC).
In a post shared on X on Monday, Coinbase derivatives described XRP’s listing as providing access to “one of the most liquid digital assets” through futures products tailored for retail and institutional investors. Notably, the listing comes about two weeks after the top crypto exchange filed a request with the CFTC.
Coinbase XRP futures
For context, futures contracts are agreements to buy or sell an asset at a future date. They are popular because they give traders the option to bet on prices going up or down, without actually owning the asset. Many crypto traders use them to hedge risks or speculate on market movements, often using leverage to amplify their positions.
Per regulatory filings, Coinbase XRP futures consist of two contract sizes, which are standard and nano contracts representing 10,000 XRP and 500 XRP, respectively. This segmentation makes it easy for both big players and everyday traders to engage in XRP futures trading on Coinbase derivatives.
Alongside XRP, Coinbase’s derivatives exchange already lists futures tied to over 90 different assets internationally and nearly two dozen in the U.S., including popular memecoins like Dogecoin (DOGE) and traditional commodities like oil and gold.
Meanwhile, the addition of XRP futures follows Coinbase’s earlier listings of Solana (SOL) and Hedera (HBAR) futures in February 2025. This development is part of a growing trend where U.S. crypto exchanges like Robinhood and Chicago Mercantile Exchange are also rapidly expanding their futures markets in response to strong demand from investors.
Read also: 83% of Institutional Investors Plan to Increase Crypto Exposure in 2025, Coinbase Study Shows
According to Coinbase, derivatives trading exploded in 2024, with volumes jumping over 10,950%. The largest U.S.-based crypto exchange is reportedly in talks to acquire Deribit, one of the largest crypto options exchanges, to expand its reach in this booming market.
Read also: XRP Price “Already Determined” by Global Institutions, Says Black Swan Capitalist Founder
XRP Price Regains Momentum
Following Coinbase XRP futures listing and the broader crypto market resurgence, the XRP price has regained impressive momentum. Last week, the crypto asset broke a five-month record in monthly returns, outpacing Ethereum (ETH).
Trading around $2 earlier this week, the XRP Ledger (XRPL) native token has jumped 5.8% in the past 24 hours to reach $2.22 at the time of writing. This has cemented its position as the third-largest cryptocurrency, with a market capitalization of approximately $129 billion.
Ripple’s plans to acquire Hidden Road in a $1.25 billion deal have also added to the bullish sentiments on XRP. According to Ripple’s chief technology officer (CTO), David Schwartz, the acquisition would be a defining moment for XRP and XRPL.
