{"id":126449,"date":"2025-04-04T06:16:50","date_gmt":"2025-04-04T06:16:50","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126449"},"modified":"2025-04-04T06:16:50","modified_gmt":"2025-04-04T06:16:50","slug":"coinbase-institutional-files-for-xrp-futures-trading-with-cftc","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126449","title":{"rendered":"Coinbase Institutional files for XRP futures trading with CFTC"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsUS crypto exchange Coinbase has filed with the US Commodity Futures Trading Commission (CFTC) to launch futures contracts for Ripple\u2019s XRP token.<br \/>\n\u201cWe\u2019re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures \u2014 bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,\u201d stated Coinbase Institutional on April 3.\u00a0<br \/>\nThe firm added that it anticipates the contract going live on April 21.<br \/>\nAccording to the certification filing, the XRP (XRP) futures contract will be a monthly cash-settled and margined contract trading under the symbol XRL.<br \/>\nThe contract tracks XRP\u2019s price and is settled in US dollars. Each contract represents 10,000 XRP, currently worth about $20,000 at $2 per token.<br \/>\nContracts can be traded for the current month and two months ahead, and trading will be paused as a safety measure if spot XRP prices move more than 10% in an hour.\u00a0<br \/>\n\u201cThe exchange has spoken with FCMs (Futures Commission Merchants) and market participants who support the decision to launch a XRP contract,\u201d the firm stated.\u00a0<br \/>\nCoinbase is not the first to launch XRP futures in the United States. In March, Chicago-based crypto exchange Bitnomial announced the launch of the \u201cfirst-ever CFTC-regulated XRP futures in the US.\u201d\u00a0<br \/>\nXRP futures trading is available on many of the world&#8217;s leading centralized crypto exchanges, such as Binance, OKX, Bybit and BitMEX.\u00a0<br \/>\nFunding rates remain negative<br \/>\nIn late March, Cointelegraph reported that XRP derivatives\u2019 funding rates had flipped negative as investor sentiment turned bearish.\u00a0<br \/>\nRelated: XRP funding rate flips negative \u2014 Will smart traders flip long or short?<br \/>\nFunding rates are periodic payments between traders in perpetual futures markets that help keep the futures price aligned with the spot price. Positive funding rates mean that long traders (buyers) pay short traders, while negative funding rates mean short traders (sellers) pay long traders.\u00a0<br \/>\nWhen funding rates go negative, it means short traders are willing to pay a premium to maintain their positions, indicating strong conviction from bearish derivatives traders.\u00a0<br \/>\nXRP funding rates remained negative on major derivatives exchanges as of April 4, according to CoinGlass.\u00a0<br \/>\nXRP OI-weighted funding rates. Source: CoinGlassMagazine: XRP win leaves Ripple a \u2018bad actor\u2019 with no crypto legal precedent set<a href=\"https:\/\/cointelegraph.com\/news\/coinbase-institutional-files-xrp-futures-trading-with-cftc?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsUS crypto exchange Coinbase has filed with the US Commodity Futures Trading Commission (CFTC) to launch futures contracts for Ripple\u2019s XRP token. \u201cWe\u2019re excited to announce that Coinbase&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126449"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126449"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126449\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126449"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}