Coinbase is launching nano XRP perpetual futures, unlocking institutional-grade exposure to XRP with unmatched capital efficiency, margin trading access, and seamless alignment to spot price.
Coinbase Announces XRP Perpetual Futures to Supercharge Institutional Exposure
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New XRP Futures by Coinbase Deliver Institutional-Grade Nano Exposure With Edge
Coinbase Institutional announced on social media platform X on July 29 that it will debut nano XRP U.S. Perpetual-Style Futures on August 18 through Coinbase Derivatives. The firm wrote:
Launching August 18 … nano XRP US Perpetual-Style Futures are coming to Coinbase Derivatives. The expansion of our perpetual-style product suite marks another milestone in our mission to redefine market access for U.S. investors.
This latest addition follows Coinbase’s ongoing push to diversify its regulated offerings tailored for U.S. investors seeking alternative access to digital asset exposure.
Coinbase’s announcement builds on an earlier move in April, when the company disclosed it had filed with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify XRP futures. That step marked the beginning of Coinbase Derivatives’ regulated offerings for XRP, positioning it as a capital-efficient channel for institutional exposure to one of the market’s most liquid digital assets. In the same month, Coinbase launched two monthly XRP futures products: a nano contract (500 XRP) and a larger XRL contract (10,000 XRP), both cash-settled and expiring monthly. The August launch differs by offering a 5-year, perpetual-style nano XRP futures contract that rebalances via funding rate adjustments.
The futures contract that will be live in August, listed under the code XPP, will trade from Friday evenings to the following Friday afternoons, pausing briefly each week. The initial listing runs through December 2030, with automatic listings for future contracts.
Developed by Coinbase Derivatives LLC, a designated contract market registered with the CFTC, the contract features a unique structure. “The Coinbase Derivatives, LLC nano XRP Perp Style Futures Contract is a 5-year cash-settled futures contract that tracks closely to spot price by using a funding rate to debit/credit open positions via a clearing cash adjustment,” the product documentation details, adding:
It allows participants to manage risk, trade on margin, or speculate on the price of XRP. Each contract represents 500 XRP and provides an accessible way to trade this market.
