Coinbase Institutional Files To Launch XRP Futures With CFTC

Coinbase Institutional has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify futures contracts for XRP through its subsidiary, Coinbase Derivatives. This filing aims to launch XRP futures on April 21, 2025, offering both institutional and retail investors a regulated way to gain exposure to XRP in a more capital-efficient manner.

The filing marks a significant development for XRP’s broader market acceptance, especially in regulated environments where futures contracts provide both liquidity and opportunities for risk management.

XRP Futures: Regulatory Developments and Market Entry

Through self-certification with the CFTC, Coinbase is allowed to bring in XRP futures without waiting for an explicit green light from the agency, so long as it complies with the necessary rules. This approach is normally used by exchanges especially when they are introducing new corporate securities in the market place.

In launching XRP futures into its product line, Coinbase Derivatives is placing into the market a new structured trading product, which may enhance the liquidity and invite more institutional investors into the asset.

We're excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify $XRP futures – bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets.

We anticipate the contract going live on April 21, 2025.

Stay tuned… pic.twitter.com/nKUPjjnMKW

— Coinbase Institutional 🛡️ (@CoinbaseInsto) April 3, 2025

The futures contracts are useful for the purposes of hedging or speculation, they can make XRP more accessible to new investors.

At the same time, one of the largest US-based crypto exchange, Kraken, incorporated Ripple USD (RLUSD) among cryptocurrencies traded on the platform. Before that list, RLUSD was available only in Bitstamp exchange. The integration of Kraken into the list of XRP trading platforms increases trading volume in the asset and deepens the pool of institutional actors interacting with the asset.

XRP Price Trend Amid New Futures Announcement

At the time of this writing, various technical levels was observed for XRP. Earlier last night, in a live stream, experts pointed out that XRP price tested .382 retracement level which was a major resistance level. This level was tested on the higher end before being rejected and the current focus now lies at the possibility of a downside towards the $1.95 price level.

Lately, $1.90 has been considered as another important support level, and in case of the XRP drop below this level, further correction should be expected. However, if XRP manages to establish or maintain a price above these levels, it can be expected that the market is positioning for a bounce, especially if there is the bullish RSI divergence.

Source: X

Consequently, the next XRP price move is critical. A successful retest of these lower levels, coupled with signs of strength from the relative strength index (RSI), could suggest that XRP is nearing a bottom before a potential breakout. If the price holds steady at $1.90, a strong rally into a new wave higher may be on the horizon.

Community Reaction To Coinbase Filing

Although the filing has attracted attention, it has also caused controversies in the cryptocurrency community. Coinbase first publicly mentioned the futures product as “Ripple futures” in a now-removed tweet which angered XRP holders.

This confusion occurred because Ripple is the name of the company that developed the XRP blockchain, XRP on the other hand refers to the token itself.

A user by the name of Adam on X (previously twitter) was able to differentiate the two and wrote to Coinbase asking them to edit the terms. In his response, he stressed that one should differentiate between Ripple and XRP by stating that “Ripple is a private company while XRP is its digital asset,” he said. Coinbase immediately amended the error and confirmed that it is actually offering XRP futures.

Meanwhile, late last month, Crypto Options and Futures Exchange Bitnomial announced the launch of its XRP futures contract. This new product has been on the exchange’s radar since at least October 2024.