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

Coinbase Derivatives, the CFTC-regulated arm of Coinbase, is set to introduce round-the-clock futures trading for Ripple’s XRP and Solana (SOL) starting June 13. This initiative aims to bridge the gap between fixed trading hours and the 24/7 nature of the crypto market, providing real-time access to U.S. traders. The move follows the recent introduction of 24/7 trading for Bitcoin and Ethereum futures, making Coinbase the first CFTC-regulated derivatives exchange to offer continuous access to crypto futures contracts in the U.S. This launch comes just a day after Coinbase announced its acquisition of the derivatives exchange Deribit for $2.9 billion, further bolstering its derivatives offerings.

By launching these products, Coinbase is strategically positioning itself to capture a significant share of the trillion-dollar derivatives market. The company highlights that derivatives now constitute over 75% of global crypto trading volume. With these new offerings, Coinbase aims to meet the increasing demand for tools that allow U.S. traders to remain active in a market that operates continuously. Coinbase Financial Markets CEO Andy Sears emphasized the transformative impact of 24/7 CFTC-regulated markets on the industry.

The timing of this launch is notable as several investment managers, including Bitwise, Grayscale, Canary Capital, 21Shares, and Franklin Templeton, have submitted paperwork with the SEC for spot XRP and SOL exchange-traded funds (ETFs). This regulatory shift in the U.S. has sparked significant interest and speculation about the potential approval of these ETFs. Analysts have estimated a high likelihood of approval for SOL and XRP ETFs in 2025, further fueling the excitement around these digital assets.

This move by Coinbase aligns with the broader trend of increasing institutional interest in cryptocurrencies. As more traditional financial institutions and investors explore the potential of digital assets, the demand for sophisticated trading instruments, such as futures, is expected to rise. Coinbase's introduction of XRP and Solana futures trading could attract a wider range of investors, including those looking to hedge their positions or speculate on the price movements of these cryptocurrencies. This could lead to increased liquidity and volatility in the market, potentially attracting more traders and investors and further fueling the growth of the cryptocurrency ecosystem. However, it is crucial for investors to be aware of the risks associated with futures trading, including the potential for market manipulation and increased volatility.