In a major development of XRP, the fourth largest encrypted currency by market value, Coinbase derivatives, officially submitted a request for self -arrangements to the American Commodity Futures Trading Committee (CFTC), indicating its intention to launch future XRP contracts.
According to mail Exchange by Coinbase is expected on X (formerly Twitter), XRP Futures to go live on April 21, 2025. This step intends to provide investors in an organized and effective capital efficiency to obtain exposure to XRP, one of the most liquid digital assets in the encrypted Al -Alaa market.
“We are excited to announce that Coinbase derivatives have submitted CFTC to create XRP futures-which brings an organized and effective capital to be exposed to one of the most liquid digital assets,” Tweet.
What is more?
According to the deposit, Coinbase will launch XRP Futures as a monthly and volunteer product with the XRL code. Each contract reflects the price of XRP, is settled in US dollars and represents 10,000 XRP, or about $ 20,000 at a price of $ 2 per unit.
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Traders will have flexibility, with contracts available for the current month as well as the next two; However, the protection will stop trading if the XRP SPOP price moves over 10 % within an hour.
Upon launch, the second product will be after the XRP future organized by the CFTC residing in Chicago, which was broadcast in March.
XRP appears as a retail for sale
This comes with the appearance of XRP as a new retail for sale in this course, as it spacked from the institutions that depend on institutions. according to GlassnodeSince the 2022 cycle decreased, the XRP active addresses have increased by 490 %, while BTC has only witnessed an increase +0 % – a sharp signal to demand speculative retail sale. “
At the time of writing this report, the XRP 121.6 billion dollar market evaluation was left behind only Bitcoin (BTC), ETHEREUM (ETH) and Tether (USDT).
XRP recovered over the $ 2 sign after declining in the trading session yesterday. It is currently increasing by 2.16 % in the past 24 hours to $ 2.09, after reaching its highest levels during the day from $ 2.10, as the broader encryption market has recovered slightly.
