HomeAltcoin NewsRippleCoinbase Institutional Seeks CFTC Approval to Launch XRP Futures

Coinbase Institutional Seeks CFTC Approval to Launch XRP Futures

Date:

  • The CFTC document filed by Coinbase seeks to establish XRP futures trading in April 2025.
  • Investors use XRP futures as a regulated platform for trading XRP assets.
  • The XRP price continues to experience volatility and the main support levels exist at $1.90.

The XRP futures filed to the U.S. Commodity Futures Trading Commission (CFTC) by Coinbase Institutional will be distributed by its subsidiary, Coinbase Derivatives. The submitted filing seeks to implement XRP futures contracts before April 21 while providing compliant trading options for XRP to institutional and retail investors. By executing this new move the market will gain increased asset liquidity and attract institutional players to participate.

Regulatory Approach and Market Impact

Coinbase can initiate XRP futures by filing a self-certification to the CFTC without mandatory approval from the agency. Launching new financial products usually requires exchanges to operate through self-certification filing to CFTC. The established regulations enable the company to skip lengthy approvals by following all guidelines. The introduction of XRP futures allows investors to take on risk-management positions along with speculation while creating more options for people who wish to participate in this asset class.

XRP acceptance in platforms following regulations advances through Future Contracts, which serve as a vital acceptance phase. XRP will benefit from this product, which WILL support improved market stability and expanded risk management features. Institutional investors who avoided XRP investment because of missing regulated products linked to the cryptocurrency are expected to increase their activity after this launch.

During the announcement phase of XRP futures, the XRP price showed wild movement. The cryptocurrency had recently approached its significant resistance barrier at the 0.382 Fibonacci retracement stage until it received rejection signals. 

The XRP network aims to stabilize its price at the $1.90 support mark. Experts predict another price shift if the level reaches below $1.90. The potential for a price increase exists when XRP stays above its support level of $1.90 because this action confirms bullish RSI trends.

Source: X

XRP’s upcoming price key point will become evident through its ability to maintain support at $1.90. A potential price rally may occur when the value remains stable or demonstrates robust indicators at current levels. XRP may be close to breaking out if price testing of lower value points succeed while generating positive RSI signals during retesting.

Community Response and Confusion over Terminology

Most cryptocurrency users exhibited diverse responses after this document submission. The mention of “Ripple futures” on Coinbase initially led to confusion because customers replied firmly with backlash from XRP owners. XRP enthusiasts explained how Ripple describes the company that maintains the XRP blockchain, yet XRP stands for the digital asset itself. Following the correction, Coinbase officials stated that the exchange platform deals with XRP futures instead of Ripple futures.

The confusion about Ripple and XRP was clarified through a user explanation of X, which differentiated the two terms. Coinbase made a prompt change to their terminology due to user feedback about the issue. The situation emphasizes the necessity for precise information delivery about novel financial items.

The cryptocurrency exchange Bitnomial declared its entry into the XRP futures market. According to Bitnomia, the XRP derivatives market grows as the exchange implements new derivative products. Recent developments will increase the institution’s XRP market penetration.

Joy Nganga
Joy Nganga
Joy is a Market Analyst and Blockchain Technology Writer at AltcoinBeacon. With over five years of experience, she is highly skilled in the crypto market and well-versed in blockchain technology. Joy Nganga offers the latest news and insightful analysis, making her a valuable resource for informed decisions in the crypto space.

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