Market Watch

Coinbase Launches XRP and Solana Perpetual Futures For US Traders

Coinbase announced earlier today the launch of perpetual futures contracts tied to XRP and Solana, expanding its derivatives suite for US customers. The new nano XRP and nano Solana perpetual futures follow Coinbase’s July 30 rollout of perpetual-style futures for nano Bitcoin and nano Ether. Each nano XRP contract represents 10 XRP, while each nano Solana contract represents 5 SOL. Both are settled in USD and use funding rate adjustments to closely track spot prices. Like the earlier nano products, they trade on Coinbase Derivatives, which is registered with the CFTC as a designated contract market.

The timing comes as regulators continue to weigh the future of spot crypto ETFs. Earlier today, the SEC delayed its decision on multiple XRP ETF proposals from 21Shares, CoinShares, and Grayscale.Coinbase’s push into perpetual futures underscores its bid to capture a slice of the fast-expanding perps market, a sector where decentralized exchange Hyperliquid has surged in dominance, while US competitors Kraken and Robinhood have also entered the space.

Terron Gold

Recent Posts

Cypherpunk Launches World’s Largest Zcash Mining Fleet in $33 Million Winklevoss Deal

Cypherpunk Technologies is expanding its massive bet on Zcash by launching what it calls the…

5 days ago

MapleStory Universe Launches AI Game Jam With $15,000 in NXPC Prizes

MapleStory Universe is putting artificial intelligence in the hands of game creators with the launch…

6 days ago

Kalshi Pushes Beyond Prediction Markets With Copper Perpetual Future Filing With CFTC

Kalshi is making another major move beyond prediction markets, filing with the Commodity Futures Trading…

6 days ago

Coinbase Brings 50x Crypto Perpetual Trading to Base App Through Hyperliquid

Coinbase is bringing high-leverage decentralized derivatives directly into its Base App through an integration with…

6 days ago

Hong Kong Puts First Regulated Stablecoin to Work in Insurance and $49 Billion UAE Trade Market

Hong Kong's first regulated Hong Kong dollar stablecoin is moving beyond testing and into real-world…

6 days ago

Fake Trezor, Ledger and Exodus Apps Target Crypto Users in Massive Seed Phrase Scam

Cybersecurity researchers at Rapid7 have uncovered a sophisticated crypto fraud operation that used nearly 885,000…

7 days ago