Coinbase has officially listed XRP futures contracts on its US derivatives exchange, the company announced on April 21. The new offering is regulated by the US Commodity Futures Trading Commission (CFTC), marking another step in Coinbase’s push to expand its derivatives product line.
“These futures provide a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” Coinbase stated in a post on X.
The XRP futures are available in two formats: standard contracts representing 10,000 XRP and retail-focused “nano” contracts covering 500 XRP, or about $1,000 based on April 21 prices. These contracts aim to appeal to both institutional traders and retail investors looking for flexible exposure to XRP.
Coinbase’s Expanding Futures Lineup
The launch follows Coinbase’s addition of Solana (SOL) and Hedera (HBAR) futures in February. The exchange now offers roughly two dozen crypto derivatives in the US and over 90 assets internationally, including contracts linked to memecoins like Dogecoin and even traditional commodities such as oil and gold.
Crypto futures have become increasingly popular among US traders, with platforms like Coinbase, Robinhood, and the Chicago Mercantile Exchange expanding their offerings since early 2024. Futures contracts allow for leveraged exposure, long and short positions, and are widely used for both speculation and risk management.
Coinbase has seen massive growth in this area — reporting a staggering 10,950% increase in derivatives trading volumes in 2024. The exchange is also reportedly in acquisition talks with Deribit, a major player in the crypto derivatives space.
XRP’s Legal Cloud Lifts
The listing comes just a month after the US Securities and Exchange Commission (SEC) dropped its lawsuit against Ripple, the developer of the XRP Ledger, over alleged securities violations. That legal victory removes a major regulatory overhang that has shadowed XRP for years.
Launched in 2012, the XRP Ledger is one of the earliest blockchain networks, designed for institutional use cases in payments and decentralized finance (DeFi). As of April 21, XRP holds a market capitalization of approximately $120 billion, according to CoinMarketCap.
With this latest move, Coinbase is signaling its continued commitment to crypto derivatives — and XRP is back in the spotlight with fresh momentum.
