Coinbase to Finally Launch XRP Futures: Heres the Listing Date

Coinbase has revealed its intention to list XRP futures contracts through its derivatives arm amid greater legal clarity for the asset.

The exchange announced on April 3 that it had submitted a filing to the U.S. Commodity Futures Trading Commission (CFTC) to self-certify XRP futures. If approved, the contract will go live on April 21, 2025, nearly three weeks later.

Coinbase to List XRP Futures Amid Favorable Regulatory Atmosphere

With this move, Coinbase has now become the second U.S.-regulated platform to list XRP futures, following closely behind Bitnomial, which announced the launch of the first U.S. XRP futures two weeks ago.

These developments come amid a favorable change in the regulatory and institutional atmosphere surrounding XRP, which has long been a victim of legal uncertainties due to its involvement in the SECs case against Ripple.

Interestingly, the Coinbase announcement comes two weeks after Ripple CEO Brad Garlinghouse confirmed that the SEC has agreed to withdraw its appeal in the legal battle with the payments firm. The decision could mark the final chapter in the years-long lawsuit, removing any remaining legal baggage from XRP.

Notably, the change in regulatory tone is largely due to the new leadership in the U.S. Securities and Exchange Commission. Acting Chair Mark Uyeda has adopted a more constructive stance toward crypto, opting to drop several ongoing cases against industry players, including Coinbase.

This friendlier posture has set the groundwork for an increase in institutional involvement in the crypto derivatives market and greater confidence in U.S.-based digital asset products.

Coinbases Previous Dealings with XRP Futures

Coinbases upcoming XRP futures contracts seek to provide traders with a regulated and capital-efficient vehicle for gaining exposure to one of the most liquid cryptocurrencies, the company says.

The contracts will secure listing via Coinbase Derivatives, which has previously rolled out futures for assets like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

Although Coinbase previously listed XRP perpetual futures on its international exchange in 2023, this offering was for its non-U.S. customers. At that time, the firm launched XRP perpetual futures alongside contracts for other major tokens like Solana (SOL), Dogecoin (DOGE), and Cardano (ADA), with up to 10x leverage.

However, XRP was absent from the regulated futures filed with the U.S. CFTC last year, a move that triggered frustration among XRP proponents. The latest announcement, which comes on the back of better regulatory clarity, now offers this product to customers in the U.S.

Essentially, in its bid to self-certify the product, Coinbase is leveraging its status as a designated contract market (DCM) to fast-track the listing, assuming no objections from the CFTC during the review window. The XRP announcement comes three weeks after Coinbase revealed a similar product for ADA.

We're excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify Natural Gas (NGS) futures and Cardano ( $ADA ) futures—expanding our offerings in both energy and crypto derivatives markets.

We anticipate going live with these products on Monday,

— Coinbase Institutional ????️ (@CoinbaseInsto) March 14, 2025