Coinbase Pioneers XRP Futures Offering for Institutional Investors

In a significant move for the cryptocurrency market, Coinbase Institutional has announced plans to launch futures contracts tied to Ripple’s XRP token, catering to institutional investors’ growing appetite for crypto derivatives.

Coinbase Institutional to Offer XRP Futures

U.S. crypto giant Coinbase Institutional has submitted a filing to the Commodity Futures Trading Commission (CFTC) to launch futures contracts tied to Ripple’s closely related XRP token. The futures, expected to go live on April 21, 2025, will operate as a monthly, cash-settled, margined contract trading under the ticker XRL. Each contract mirrors XRP’s price, settled in USD, and represents 10,000 XRP, roughly $20,000 at the current $2 per token valuation. This move brings a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets.

Coinbase Files for XRP Futures Launch in April

Coinbase plans to introduce futures contracts for Ripple’s XRP token and has filed with the US Commodity Futures Trading Commission for approval. The April 3 filing outlines a new cash-settled monthly contract set to launch on April 21, pending regulatory approval. Each contract, trading under the symbol XRL, will represent 10,000 XRP, roughly $20,000 at current market prices. The move was announced by Coinbase Institutional, tailored for professional and institutional traders.