Coinbase to Launch XRP Futures on April 21

In a significant move for the cryptocurrency market, Coinbase has announced plans to introduce XRP futures, a derivative product that will allow traders to speculate on the future price of Ripple’s native token without owning the actual cryptocurrency. Here’s a closer look at this development and its potential implications.

XRP Futures Coming to Coinbase This Month

Ripple and its native token XRP remain popular in the cryptocurrency space. Coinbase has filed with the US Commodity Futures Trading Commission (CFTC) to introduce XRP futures. If approved, the product is expected to launch on April 21, allowing traders to speculate on the future price of XRP without owning the actual cryptocurrency. Coinbase described XRP as one of the most liquid digital assets, but has not provided additional details on the initiative.

Coinbase Files for XRP Futures Trading

Coinbase Derivatives, a derivatives exchange regulated by the CFTC, has filed to self-certify XRP futures. This move aims to provide a regulated, capital-efficient way for investors to gain exposure to one of the most liquid digital assets. The exchange anticipates the contract going live on April 21, 2025, with more details to come as the launch approaches.