Coinbase’s foray into XRP derivatives trading is off to a solid start. On its debut day, XRP perpetual futures contracts on the exchange recorded approximately $51 million in daily trading volume, according to prominent legal expert and crypto commentator Bill Morgan, who shared the development on X.
This initial performance underscores growing institutional and retail interest in XRP as regulatory clarity improves and derivative markets expand.
Respectable first day for Coinbase’s XRP futures daily volume – about 51 million USDC pic.twitter.com/GTo74kisxx
— bill morgan (@Belisarius2020) April 22, 2025
A Strong Start for XRP Futures
The XRP-USDC perpetual contracts listed by Coinbase launched with notable traction, signaling robust demand from traders looking to gain leveraged exposure to XRP’s price action. The $51 million in trading volume is not only respectable by traditional standards but also competitive when compared with launch-day figures for other altcoin perpetual pairs.
This performance suggests that despite regulatory headwinds in recent years, XRP maintains a resilient investor base eager to engage with more sophisticated financial instruments tied to the token.
Regulatory Clarity Drives Market Confidence
Much of this renewed confidence in XRP stems from legal developments surrounding Ripple Labs’ long-standing dispute with the U.S. Securities and Exchange Commission (SEC). In 2023, federal Judge Analisa Torres ruled that programmatic sales of XRP are not securities, providing a crucial win for Ripple and setting the stage for broader market participation.
Coinbase’s decision to list XRP perpetual futures further reflects the shifting legal landscape. Once viewed as legally ambiguous, XRP is now making a comeback across multiple platforms, both in spot and derivatives markets.
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Why XRP Futures Matter
The introduction of XRP perpetuals on a major U.S.-regulated exchange like Coinbase opens up several avenues for traders and institutions. Derivative instruments allow for hedging, speculation, and strategic positioning—tools that are vital for managing exposure in volatile crypto markets.
More importantly, this listing positions XRP alongside major digital assets like Bitcoin and Ethereum, which have long enjoyed the benefits of active derivatives markets. The ability to trade XRP with leverage in both long and short directions enhances liquidity and brings XRP deeper into mainstream crypto finance.
Outlook: Momentum Builds for XRP Derivatives
Coinbase’s successful XRP futures launch could pave the way for even more XRP-related financial products. The demand demonstrated on day one suggests that the market is ready for expanded offerings—perhaps even ETF-style vehicles—should regulatory conditions permit.
As XRP continues to gain ground on both technological and legal fronts, the introduction of such advanced trading tools is yet another indicator of the asset’s growing maturity and credibility within the broader crypto ecosystem.
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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