XRP News Today: Coinbase Expands 24/7 Futures Trading to XRP and Solana

Coinbase, a leading cryptocurrency exchange, has announced that it will extend its 24/7 futures trading to include XRP and Solana (SOL) contracts starting June 13. This initiative aims to provide US traders with compliant access to altcoin derivatives, reflecting the continuous nature of crypto markets. The move follows the recent activation of 24/7 trading for Bitcoin and Ethereum futures, making Coinbase the first CFTC-regulated derivatives exchange to offer round-the-clock access to crypto futures contracts in the US.

The introduction of 24/7 XRP and SOL futures trading is designed to address the disparity between traditional US trading hours and the global crypto markets. This strategic decision positions Coinbase to capture a significant portion of the global derivatives flow, as derivatives currently make up a substantial portion of global crypto trading volume. By offering these new tools, Coinbase aims to meet the growing demand for derivatives, enabling US traders to remain active in a market that operates continuously.

Andy Sears, CEO of Coinbase Financial Markets, emphasized the importance of this development, stating that the arrival of 24/7 CFTC-regulated markets is a game-changer for the industry. This expansion not only enhances the accessibility of crypto derivatives but also underscores Coinbase's commitment to providing innovative financial solutions to its users.

Coinbase had previously introduced Solana futures contracts in February and launched XRP and nano XRP futures contracts last month. Despite their recent introduction, both assets have already demonstrated strong traction, indicating a robust interest in these derivatives among traders. The addition of 24/7 trading for XRP and SOL futures further solidifies Coinbase's position as a leading player in the crypto derivatives market, offering traders the flexibility and convenience they need to navigate the dynamic crypto landscape.