Coinbase, the leading cryptocurrency exchange in the United States, has submitted an application to the Commodity Futures Trading Commission (CFTC) to offer XRP futures contracts.

This application seeks to launch XRP futures on April 21, 2025, providing a regulated market for institutional and retail investors to access XRP.

Coinbase's application could also significantly influence the potential approval of a spot XRP exchange-traded fund (ETF).

“Coinbase Derivatives has filed a self-certification application with the CFTC for $XRP futures. This offers a regulated and capital-efficient investment opportunity in one of the most liquid digital assets. We anticipate the agreement will become effective on April 21, 2025.”

This move makes Coinbase the second US platform to list XRP futures, following Bitnomial's launch two weeks prior.

XRP futures will be offered through Coinbase Derivatives, which already provides futures contracts for Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

Coinbase previously listed XRP futures on its international exchange in 2023, although this service was unavailable to US customers. In 2023, Coinbase also introduced XRP futures with up to 10x leverage, alongside other prominent altcoins such as Solana (SOL), Dogecoin (DOGE), and Cardano (ADA).

*This is not investment advice.