Summary
- Coinbase announced that it has submitted an application to the CFTC for the launch of XRP futures.
- The XRP futures are said to enable capital-efficient exposure to XRP in a regulated environment.
- The official launch is expected to be possible on April 21.
Coinbase has submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) for the launch of XRP futures.
On the 4th (local time), Coinbase announced through X that "Coinbase's subsidiary 'Coinbase Derivatives' exchange has submitted an application to the CFTC for self-certification of XRP futures."
It further explained, "The product will enable capital-efficient exposure to XRP in a regulated environment," and added, "The official launch is expected to be possible on April 21."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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