🚨 XRP FUTURES ARE COMING! 🚨

Well, well, well. Look who’s finally decided to join the 21st century. Coinbase Derivatives, the exchange that’s been stuck in a time loop, has submitted a self-certification application to the U.S. Commodity Futures Trading Commission (CFTC), signaling its intent to launch XRP futures contracts. Because, you know, the world was just missing a regulated, capital-efficient way to gamble on XRP.

According to a post made by Coinbase Institutional on X (previously Twitter, because who needs a real social media presence, right?), the exchange anticipates the XRP futures contracts to go live on April 21, 2025. Just in time for the next market crash, no doubt.

“We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures – bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” Coinbase Institutional tweeted. Because who doesn’t love a good dose of sarcasm with their financial news?

What’s more?

According to the filing, Coinbase Institutional will launch XRP futures as a monthly, cash-settled, margined product with the symbol XRL. Each contract reflects XRP’s price, is settled in USD and represents 10,000 XRP, or approximately $20,000 at the current $2 per unit worth. Because who needs to actually own XRP when you can just bet on its price?

Traders will have flexibility, with contracts available for the current month as well as the next two; however, a safeguard will halt trading if XRP’s spot price moves more than 10% within an hour. Because, you know, we can’t have people making too much money too quickly.

When it launches, it will be the second product following Chicago-based Bitnomial’s CFTC-regulated XRP futures, which went live in March. Because who needs innovation when you can just copy someone else’s idea?

XRP emerges as retail favorite

This comes as XRP has emerged as a new retail favorite this cycle, diverging from Bitcoin‘s institutional-driven surge. According to Glassnode, “Since the 2022 cycle low, XRP active addresses are up 490%, while BTC has only seen a +0% increase – a sharp signal of speculative retail demand.” Because who needs institutional investors when you have retail traders with a short attention span?

At the time of writing, XRP’s market valuation is $121.6 billion, trailing only Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). Because who needs to be the biggest cryptocurrency when you can just be the second-biggest?

XRP has rebounded above the $2 mark after a drop below it in yesterday’s trading session. It is currently up 2.16% in the last 24 hours to $2.09, having reached intraday highs of $2.10 as the broader crypto market slightly rebounded. Because, you know, the market is always going up, right?

Read More

• Top gainers and losers

• FC Mobile 25 Hero Chronicles event Guide and Tips

• The White Lotus Season 4 release date, location, and more

• Weak Hero Class 1 Ending Explained

• All Overwatch 2 Totally Normalwatch event challenges and rewards

• The best Monster Hunter Wilds mods and how to install them

• Clash Royale Evolutions Mayhem Challenge best decks guide

• Sam Thompson Heartbroken as Ex Zara McDermott Moves on with Louis Tomlinson!

• Tate McRae’s Shocking Injuries from Her Intense Music Video Shoot Revealed!

• How to get the new MLBB hero Kalea for free in Mobile Legends

2025-04-04 12:51