Coinbase Derivatives to Launch XRP Futures Post Ripple Lawsuit Win

Coinbase, a prominent crypto exchange, is stepping up its game in the crypto world. According to a filing submitted recently, the exchange’s derivatives arm is preparing to launch two new futures contracts tied to XRP. 

This move comes as Ripple, the company behind XRP, is celebrating a major legal victory against the U.S. Securities and Exchange Commission (SEC). 

Coinbase Prepares for XRP Futures Launch

Coinbase Derivatives has filed with the U.S. Commodity Futures Trading Commission (CFTC) to introduce two new products: XRP futures and nano XRP futures. Both contracts will be cash-settled and will track the price of XRP using the MarketVector Coinbase XRP Index.

The standard XRP futures contract will represent 10,000 XRP, while the smaller nano version will cover 500 XRP. 

These products are expected to go live on or after April 21, 2025. In a recent post on X, Coinbase Institutional said the contracts offer a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets.

Ripple’s Legal Victory Clears the Path 

The launch comes at a great time for XRP. Ripple, the company behind the token, recently scored a major win in its long battle with the regulatory agency. Last year, a court ruled that Ripple’s programmatic sales of XRP, like those on exchanges like Coinbase, did not break securities laws. 

This is because they were sold through blind bids. While the court said direct sales to big investors were securities, the SEC has since dropped its appeal. This means that XRP is no longer considered a security in U.S. law’s eyes. 

This gives Coinbase confidence to move forward with XRP-based products without fear of legal crackdowns.

Coinbase’s Growing Lineup of Crypto Derivatives

Coinbase Derivatives is building a strong collection of futures products for both retail and institutional traders. The XRP futures contracts will join a lineup that already includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Cardano futures.  

The trading platform offers crypto contracts and futures for gold, silver, crude oil, and natural gas. Coinbase launched its Derivatives Exchange in 2022 after acquiring the CFTC-regulated FairX. 

Since then, it has been working to make regulated trading tools easier for crypto investors to access. With XRP now around $2 and climbing, traders looking to hedge or profit from XRP price swings will soon have more choices than ever.