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- Coinbase Derivatives files to self-certify XRP futures with the CFTC, targeting an April 21 launch pending no regulatory objections.
- Move follows recent Solana (SOL) and Hedera (HBAR) futures launches, reinforcing Coinbase’s growing push into U.S. crypto derivatives.
- Ripple’s legal win over the SEC clears the way for new XRP products, with relisting and ETF discussions gaining traction.
Coinbase Derivatives has filed to self-certify a futures contract for XRP with the Commodity Futures Trading Commission (CFTC), according to an official announcement made Thursday. If approved, the XRP futures contract is set to go live on April 21.
The self-certification filing an increasingly popular route among exchanges allows Coinbase to affirm the contract’s compliance with CFTC standards without requiring immediate approval, unless the agency flags specific concerns. This streamlined process is part of Coinbase’s broader push to solidify its presence in the U.S. derivatives market, a space long dominated by players like CME Group.
This latest filing arrives on the heels of Coinbase’s recent launches of Solana (SOL) and Hedera (HBAR) futures, underlining its strategy to build a robust suite of crypto derivatives for institutional and retail traders alike. The exchange is also waiting for regulatory clearance to offer futures for Cardano (ADA) and Natural Gas (NGS), both anticipated by the end of the month.
If approved, the XRP futures would allow investors to gain exposure to the token’s price action without directly holding the underlying asset—an appealing option for those seeking leverage, risk hedging, or speculative opportunities in a regulated environment.
Coinbase Could Relist XRP After Ripple SEC Win
XRP, known for its utility in fast and cost-efficient cross-border transactions, has long been a controversial figure in the crypto space due to its legal entanglement with the U.S. Securities and Exchange Commission (SEC). The 2020 lawsuit against Ripple Labs alleged that XRP was sold as an unregistered security, sending shockwaves through the industry and prompting major exchanges to delist or limit trading of the asset.
Just last month, Ripple CEO Brad Garlinghouse revealed that the SEC had officially dropped its appeal in the case. As part of the settlement, Ripple agreed to pay a $50 million fine substantially reduced from the initial $125 million, and withdrew its own cross-appeal. The legal saga, now largely resolved, has revived market sentiment around XRP and cleared the way for new financial products tied to the token.
At press time, XRP price is $2.05 USD with a 24-hour trading volume of $4,857,769,870 USD. XRP is up 0.69% in the last 24 hours.
XRP ETF Momentum Grows After Ripple Win
The resolution of the Ripple case has also reinvigorated discussions around the approval of a spot XRP exchange-traded fund (ETF) in the U.S. a development that could further cement XRP’s legitimacy in institutional portfolios.
A number of major asset managers have already filed proposals for spot XRP ETFs, including Bitwise, 21Shares, WisdomTree, Grayscale, Canary Capital, CoinShares, and Franklin Templeton. Additionally, ProShares and Volatility Shares have submitted applications for XRP-linked investment products.
ETF Store President Nate Geraci noted that the SEC’s withdrawal from the Ripple case could prompt behemoths like BlackRock and Fidelity to explore XRP ETF offerings potentially setting the stage for XRP to join Bitcoin and Ethereum in the ETF spotlight.
As Coinbase prepares to roll out its XRP futures, the confluence of legal clarity, growing institutional appetite, and product expansion suggests that XRP is entering a new chapter one defined not by regulatory uncertainty but by market maturation and broader financial integration.
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