{"id":20547,"date":"2025-04-04T07:17:00","date_gmt":"2025-04-04T07:17:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20547"},"modified":"2025-04-04T07:17:00","modified_gmt":"2025-04-04T07:17:00","slug":"coinbase-institutional-is-close-to-offering-xrp-futures","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20547","title":{"rendered":"Coinbase Institutional Is Close to Offering XRP Futures"},"content":{"rendered":"<div>\n<p>U.S. crypto giant Coinbase Institutional said on Friday it had submitted a filing to the Commodity Futures Trading Commission (CFTC) to roll out futures contracts tied to Ripple\u2019s closely related XRP token.<\/p>\n<p>&#8220;We&#8217;re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify $XRP futures &#8211; bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,&#8221; it said in an X post. &#8220;We anticipate the contract going live on April 21, 2025.&#8221;\n<\/p>\n<p>\nAccording to the filing, the XRP futures will operate as a monthly, cash-settled, margined contract, trading under the ticker XRL. Each contract mirrors XRP\u2019s price, settled in USD, and represents 10,000 XRP \u2014 roughly $20,000 at the current $2 per token valuation.<\/p>\n<p>Traders will have flexibility, with contracts available for the current month plus the following two, though a safeguard halts trading if XRP\u2019s spot price swings over 10% within an hour.<\/p>\n<p>When launched, the product will be the second after Chicago-based Bitnomial&#8217;s CFTC-regulated XRP futures that went live in March. XRP prices are down 2% in the past 24 hours, in line with a broader market drop.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. crypto giant Coinbase Institutional said on Friday it had submitted a filing to the Commodity Futures Trading Commission (CFTC) to roll out futures contracts tied to Ripple\u2019s closely related XRP token. &#8220;We&#8217;re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify $XRP futures &#8211; bringing a regulated, capital-efficient way to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20547","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20547"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20547\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}