XRP futures are on track to debut on a U.S.-regulated platform as Coinbase Derivatives files with the Commodity Futures Trading Commission (CFTC) to self-certify futures contracts for the asset. The contracts are expected to go live on April 21, 2025, for both institutional and retail participants, pending regulatory confirmation.
This move provides a regulated avenue for market participants to access one of the most liquid digital assets. It also reflects growing market demand for structured risk exposure tools involving XRP. The development could support stronger liquidity and open new opportunities for participants seeking capital-efficient strategies.
Regulatory filing advances XRP market reach
The self-certification process allows Coinbase Derivatives to introduce XRP futures without needing direct CFTC approval, as long as the product complies with current rules. This method is frequently used by U.S.-regulated exchanges launching new derivatives.
The addition of XRP futures enhances the asset’s appeal in regulated markets. Market participants are expected to use the contracts to hedge positions or take directional views on XRP’s price. The structure allows easier entry for institutions and individuals looking to engage in XRP without direct spot exposure.
Kraken has also expanded XRP access by listing Ripple USD (RLUSD), which was previously only available on Bitstamp. This expands XRP trading availability and adds institutional depth to the market. Coinbase’s filing comes as the crypto community awaits developments on the SEC’s ongoing case related to XRP.
Price sentiment shifts with volatility and predictions
XRP continues to show a strong market presence and is currently ranked fourth by market capitalization behind Bitcoin, Ethereum, and Tether. However, the price has declined in recent weeks.
After rising 500% during the U.S. election cycle, XRP has dropped 36% and now trades near $2. Kalshi prediction markets show a 48% chance XRP could exceed $3.40 in 2025 and a 35% chance of passing $3.50. In contrast, Polymarket traders estimate only a 1% chance of XRP moving past $2.30 by Friday.
Short-term sentiment remains cautious, with Polymarket placing just a 3% probability of an all-time high in April. Long-term projections show a 29% chance of a record before the end of 2025.
Coinbase faces backlash over product labeling
Coinbase faced criticism after describing the futures contracts as “Ripple futures” in a deleted post. XRP community members argued that Ripple and XRP must be clearly distinguished. Coinbase later confirmed the product refers to XRP and corrected the terminology.
Meanwhile, Bitnomial has also shown interest in offering XRP futures. The company began developing its product in October 2024, showing increased institutional interest in XRP derivatives.