Coinbase exchanged Futures contracts for the XRP token on the American Exchange of derivatives, on April 21, the cryptocurrency platform announced.
Agreements are supervised by the American commission of the Towan Futures Trading Commission (CFTC) and offer commercially a “regulated, capital way to obtain exposure to one of the most liquid digital assets”, the company he said In the post on the X. platform.
Futures Coinbase’s XRP (XRP) includes standard contracts representing 10,000 XRP and the “Nano” agreement oriented on retail, representing 500 XRP each or about USD 1000 on April 21, According to for regulatory applications.
Agreements are the latest cryptographic Futures contracts that have moved onto the Coinbase derivative instrument exchange, which also contains Futures Solana (SOL) and Heder (HBAR) contracts, both added in February.
Related: Coinbase in conversations about the purchase of derivative instruments.
Developing market segment
From 2024, exchange in the USA – including Coinbase, Robinhood and Chicago Mercantile Exchange – expand the cryptocurrency offers in response to forceful demand from retail and institutional investors.
Futures contracts are standardized contracts for the purchase or sale of base assets at the next time. They are popular for security and speculation because they allow traders to occupy long and miniature positions, often with a lever.
Coinbase lists derivative instruments related to around 92 different assets on its international stock exchange and about two dozen in the USA, according to its website.
Products in the USA include contracts related to Memecoins, such as dogcoin (dog) and goods such as oil and gold.
In December, Coinbase stated that the volumes of trade in instruments increased by about 10,950% in 2024. The exchange is reportedly in conversations about buying a poop in order to expand the trace of derivative instruments.
Coinbase launched the American stock exchange in 2022, bringing time-oriented contracts to cryptocurrency-in this agreement “nano” oriented on retail-up to tens of millions of US users.
Launched in 2012, XRP Ledger is one of the oldest blockchain networks and specializes in payment applications and decentralized finances (DEFI) for institutions.
As at April 21, the XRP market capitalization is about $ 120 billion, According to to Coinmarketcap.
In March, the American Commission for Securities and Stock Exchange (SEC) dropped the long -term trial against the XRP Ledger developer, Ripple, for the alleged violations of the right of securities.
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