Main notes
- The launch of Coinbase XRP FUTIRE futures for the first XRP organized by CFTC in the United States last month. XRP futures are already available on major global stock exchanges such as Binance, OKX, Bybit and Bitmex, highlighting the original institutional interest in the original.
- XRP decreased by 8.53 % last week, trading at $ 2.05 with a 30 % decrease in daily trading sizes.
On April 3, Crypto Excination Coinbase submitted its introduction to the future of XRP to the American Commodity Futures Trading Committee (CFTC). The Crypto Exchange believes that a futures product will alive on his platform by April 21.
According to the testimony presentationXRP FUTERES, trading under the XRL code, will be a monthly contract that has been resettled and star. The contract follows the price of the XRP market and is settled in US dollars. Each unit represents 10,000 XRP, valued at about $ 20,000 based on the current price of $ 2 per code.
We are excited to announce that Coinbase derivatives have applied for CFTC for self -order $ Xrp Futures-Bring an organized and effective capital method to be exposed to one of the most liquid digital assets.
We expect the contract to be operated on April 21, 2025.
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Coinbase Institutional
(Coinbaseinsto) April 3, 2025
According to the announcement, future Coinbase XRP contracts can be traded for the current month, up to two months coming. If the XRP price shot at more than 10 % in one hour, trading for future contracts will be stopped as a safety measure. The company mentioned:
“The stock exchange spoke with FCMS (Justice Committee Dealers) and market participants who support the decision to launch the XRP contract.”
Coinbase is not the first to submit XRP futures in the United States. In March, Crypto Exchange Bitnomial launched the first future XRP, CFTC.
Globally, XRP FUTERES trading is already available on the main central stock exchanges, including Binance, OKX, Bybit and Bitmex.
The XRP price faces a decisive test in front of us
Last week, the XRP price decreased by 8.53 % and is currently being traded with decisive support of $ 2.05. XRP daily trading volumes decreased by 30 % to $ 4.79 billion, hinting that the total investment morale turns into a decline.
On the other hand, XRP financing rates have become negative. Funding rates are the repeated payments that are exchanged between merchants in the permanent futures markets to maintain the balance of prices between future markets and immediate markets.
Even if the XRP price increases from the current levels, it still has to give a higher outbreak than the decisive resistance of $ 2.34 to regulate more height to $ 3.
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Bhushan is enthusiastic about technology and carries a good tendency to understand the financial markets. His interest in the economy and financing draws his attention towards emerging technology markets and emerging technology. He is in a continuous educational process and keeps himself excited to share his acquired knowledge. In spare time he reads fictional excitement novels and sometimes explores his cooking skills.
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