Coinbase Derivatives Files for XRP Futures with CFTC

Coinbase Institutional has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify XRP futures contracts through its subsidiary, Coinbase Derivatives. The new contracts are set to launch on April 21, 2025, and aim to provide a regulated and capital-efficient way for both institutional and retail investors to trade XRP. This filing is expected to increase market depth for the token and attract institutional investment.