Coinbase has announced that the landmark CFTC-regulated XRP futures product is now live on Coinbase, opening the path for further institutional exposure.
The leading US-based, publicly listed crypto exchange announced on Monday that XRP is now live for trading on its derivative platform. It becomes one of the major exchanges to list the rare product after Bitnomial launched the first-ever in the United States last month.
Coinbase Derivatives, LLC now offers CFTC-regulated futures for $XRP. https://t.co/omSNu0aEoC
— Coinbase Institutional 🛡️ (@CoinbaseInsto) April 21, 2025
Remarkably, the Coinbase standard contract for XRP, which it describes as “one of the most liquid digital assets,” is 10,000 XRP, while retail-focused contracts stand at 500 XRP.
Analyst Highlights Perks of XRP Futures on Coinbase
Meanwhile, market observers have deemed the listing a bullish development for XRP, adding to user traction towards the ecosystem. Particularly, XRP community figure, “XRP S0IDierR,” took to X to highlight some of the perks associated with the derivative debut on Coinbase.
Firstly, he emphasized that Coinbase’s futures listing is more than just another exchange adding support for XRP; it would unlock institutional presence for the XRPL native token.
Considering Coinbase’s status as a widely used exchange among institutions, hedge funds, and market makers, the commentary stressed that the XRP futures debut on Coinbase would provide greater access and exposure to the asset.
Furthermore, the analyst noted that XRP futures on Coinbase would bring large-scale liquidity, with increased trading activity likely to spur considerable price action. Meanwhile, he emphasized infrastructure, stating that the CFTC-regulated derivative market is often a precursor to institutional products, such as exchange-traded funds (ETFs).
Interestingly, while XRP ETFs have gained momentum in the US with multiple spot filings and the recent debut of the first leveraged XRP ETF, the commentary suggests more could follow. Growing liquidity and utility breed not just ETFs but also other structured products, such as the options market.
XRP Network Activity Suddenly Jumps 67.50%
Meanwhile, the XRP ecosystem is already experiencing massive network activity, suggesting renewed interest. After a few weeks of dwindling users, the number of active addresses on the XRP Ledger jumped 67.5% on Sunday.
For context, the number moved from 27,352 to 40,366 active wallets in 24 hours, indicating growing network usage and possible trading activities. Meanwhile, while prices started brightly yesterday, the asset has retraced considerably in the past 24 hours to trade at $2.07 today.
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