Coinbase Derivatives Lists XRP Futures

Dated April 3, 2025, the self-certification under CFTC Regulation 40.2(a) paves the way for trading to begin on or after April 21, 2025.

This development is a big win for XRP Futures enthusiasts and traders looking to diversify their portfolios.

Coinbase Derivatives Unveils XRP Futures Contract Details

The XRP Futures contract, as outlined in the CFTC filing, will be a monthly cash-settled and margined product. Each contract will represent 10,000 XRP, with a minimum tick size of $0.0001 per XRP, translating to $1.00 per contract. For example, at a displayed price of $2.0001, the contract notional value would be $20,000 (10,000 XRP x $2.00). The contract code will be XRL, and Coinbase Derivatives plans to list the three nearest monthly contracts. Daily settlement will occur at 3:00 PM CT, using a 60-second volume-weighted average price (VWAP) of trades. If no trades occur during that window, the exchange will use the TWAP (time-weighted average price) of the bid/ask midpoint or the most recent trade price.

Source: X

Coinbase Derivatives Expands U.S. Offerings with XRP Futures

This listing is a feather in Coinbase Derivatives’ cap, signaling its commitment to expanding offerings for U.S. traders. XRP, the native token of the Ripple network, has long been a polarizing asset due to regulatory scrutiny. But, its utility in cross-border payments keeps it in the spotlight. By offering XRP Futures, Coinbase Derivatives is giving traders a chance to hedge or speculate on XRP’s price movements without holding the underlying asset. For the average trader, this means more opportunities to play ball in the crypto derivatives space. The cash-settled nature of the contract ensures that at expiration, traders won’t need to handle XRP directly, making it a straightforward way to gain exposure. 

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