The US cryptographic giant.
“We are excited to announce that Coinbase derivatives have presented the CFTC to autocertify the $ XRP futures, bringing a regulated and efficient capital form of obtaining exposure to one of the most liquid digital assets,” he said in an X position. “We anticipate the contract that will be lived on April 21, 2025.”
According to the presentation, the Futures XRP will function as a monthly, in cash and marginalized contract, which is quoted under the XRL ticket. Each contract reflects the price of XRP, is resolved in USD and represents 10,000 XRP, approximately $ 20,000 to the current valuation of $ 2 per Token.
Merchants will have flexibility, with contracts available for the current month plus the following two, although a safeguard stops trade if the XRP spot price increases more than 10% in one hour.
When it is launched, the product will be the second after the future XRP regulated by Bitnomial based in Chicago that went live in March. XRP prices have dropped 2% in the last 24 hours, in line with a broader market drop.
