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Major crypto exchange coincidence Has filed for XRP With futures trading US Commodity Futures Trading Commission ,CFTC,
According For tweet posted on 3 April, CFTC-Regulated Derivative Exchange Coinbase Derivatives has filed the XRP futures with the regulator to self-attested. The team says that it will “enable a regulated, capital-skilled way to come into contact with one of the most liquid digital assets.”
The Exchange said the contract could be live on 21 April 21 2025, while the details are yet to be launched as an approach to the launch.
We are excited to declare that coinbase derivatives have filed to self-evidence with CFTC $ XRP Futures-bringing a regulated, capital-efficient way to come in contact with one of the most liquid digital assets.
We estimate the contract that is live on 21 April 2025.
Stay… pic.twitter.com/nkupjjnmkw
– Coinbase Institutional
(@Coinbaseinsto) April 3, 2025
Filing too Note The purpose of that coinbase is to offer an initial listing of the XRP Futures Contract on or after 21 April.
In addition, the XRP futures contract will be a monthly cash-sett and margin contract with the contract XRL symbol. It is a USD cache-fired contract based on an index called Marketvector Coinbase XRP benchmark rate.
The contract size is 10,000 XRP. Since 1 XRP is currently around $ 2, the contract is a value of $ 20,000.
In addition, coinbase will initially offer three front months of contract for trading.
Trading in the XRL contract is also subject to the range of ups and downs in the price as a safety measure. If the border is a hit on the major month of the XRL contract, “all related equipment will be stopped.” Trading will be stopped if the prices of the spot XRP change above the range of 10% in an hour.
Additionally, 4,000 XRP (XRL) has a position limit for aggregation of futures, which is equal to 40m XRP, stated in the document.
Futures expansion in america
In March this year, coinbase Announced Its plan is to launch 24/7 Bitcoin And Ethereum Futures trading via coinbase derivatives. This was the first opportunity for American traders to reach the futures contracts of always without expiration dates.
The proposal included contracts of various sizes to accommodate both institutional and retail traders.
Trading access for 24/7 bitcoin and atherium futures is coming to America
,
No market hours. No wait. Nobody remembered.
And this is just the beginning. The US is always the next futures. pic.twitter.com/pcsrg1edvl
– Coinbase
Also, in February, coinbase CFTC- Introducing approved futures contracts For Solana (soul) And Hedera (Habbar)Whereas in late March couple Cardano (ADA) Also to mix.
In July 2022, coinbase derivatives also launched the Margin Futures Contract for several major cryptocurrency, including Avalanche, Chenlink (link), Poolkadot (dot), Stellar (XLM)And Shiba Inu (Shib),
In particular, the exchange recently Argued In that crypto derivative trading was responsible for some 75% of the global crypto volume. However, many of these transactions took place outside the US.
Meanwhile, when it comes to Ripple, there are rumors that this is the major company and the team behind the XRP coin. An IPO is monitored in AmericaA public offering fuel for an important XRP price increase in the near future may be fuel.
Another major recent US-Report News is the company Settled with Securities and Exchange Commission (Sec)It agreed to pay a fine of $ 50 million and withdraw his cross-appeal in a long-running case. The fine is much lower than the $ 125 million asked early.
In turn, the SEC said it would request to remove an prohibition that prevents Ripple from selling the XRP to institutional investors.
At the time of writing, XRP has increased by 1% in a day, trading at $ 2.06. It is 8% a week and 16% in a month.
At the same time, it has appreciated 260% in the last one year.
In January 2018, the coin hit its all -time high $ 3.4, when declined by 39.5%.
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