Coinbase Is Charging Into XRP Scene Like Never Before

Bitcoin.com News, a Bitcoin-dedicated news channel, has revealed that Coinbase has initiated a formal process with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify a futures product based on XRP. The contract is scheduled to become available for trading on April 21, 2025, and will be listed on Coinbase Derivatives.

This product offers a regulated gateway for institutions to engage with XRP, a digital asset known for its liquidity and transaction efficiency. The proposed futures contract will represent 500 units of XRP and be priced using a benchmark developed in coordination with Marketvector, which previously worked with Coinbase to launch the COIN50 Index Fund.

Coinbase has stated that it communicated with market participants and registered intermediaries before submitting the filing. No major objections have been reported. The company indicated that the maturity and depth of XRP markets contributed to its decision to proceed with the launch.

Bitnomial’s Entry Reinforces Market Interest

Coinbase is not the first to pursue regulated XRP futures. Bitnomial Exchange introduced its CFTC-compliant product on March 20, becoming the first U.S. platform to do so. Bitnomial’s contract is physically settled and reflects direct supply-and-demand movements in XRP.

Around the time of the launch, Bitnomial also ended its legal dispute with the U.S. Securities and Exchange Commission, citing a shift in regulatory outlook as a contributing factor.

This backdrop highlights the growing momentum behind XRP-focused financial instruments in the U.S. derivatives sector. Coinbase is following Bitnomial’s lead and responding to increased institutional demand for products that meet compliance standards while offering exposure to established digital assets.

Ripple Leadership Pushes for Broader Recognition

Ripple, meanwhile, is continuing efforts to promote XRP as a strategic asset. CEO Brad Garlinghouse recently addressed XRP’s inclusion in the U.S. government’s strategic cryptocurrency reserve. He has also expressed confidence in the approval of spot XRP exchange-traded funds.

These developments follow the SEC’s withdrawal of its appeal against Ripple and acknowledgment of multiple XRP ETF filings. His comments add to the growing sense that XRP may play a more formalized role in U.S. financial markets, particularly if institutional products continue to emerge under regulatory oversight.

The entry of Coinbase into the XRP futures space adds another layer of credibility to the asset’s evolving market presence. With regulatory structures now forming around XRP-based derivatives and broader institutional sentiment showing signs of change, the digital asset is increasingly positioned as a candidate for expanded financial utility.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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