• Coinbase plans to launch XRP futures contracts on April 21, 2025.
• Each XRP futures contract denotes 10,000 XRP, valued at approximately $20,000.
• XRP’s retail demand has seen an uptick, with operational addresses up 490% since 2022.

 Coinbase Derivatives has filed a self-certification application with the U.S. Commodity Futures Trading Commission (CFTC) to debut XRP futures contracts. The application indicates Coinbase’s purpose to offer a regulated method for investors to gain orientation to XRP, the fourth-largest digital asset by market cap. The debut is anticipated on April 21, 2025 as reported by Coinbase. 

Details of XRP Futures Contract Launch

The XRP futures contracts, once approved, will be a monthly, cash-settled, margined product identified by the symbol XRL. Each agreement will recall the value of XRP and settle in USD. Each contract represents 10,000 XRP, which amounts to roughly $20,000 based on XRP’s current price of $2 per unit. 

The filing details the operational structure, which includes flexibility for traders with contracts available for the current month and the next two. A safeguard mechanism will halt trading if XRP’s spot price shifts more than 10% within an hour, ensuring more stability for market participants.

Coinbase’s filing honors a pivotal action in the futures market for XRP, following a similar move by Chicago-based Bitnomial, which launched CFTC-regulated XRP futures in March 2025. With these new contracts, Coinbase aims to provide a regulated and capital-efficient option for those seeking exposure to XRP’s value without instantly holding the asset. This change comes as XRP continues to see increased retail interest, diverging from the institutional-led growth seen in BTC and ETH.

XRP’s Rising Popularity Among Retail Traders

According to market data, the asset’s market value currently stands at $121.6 billion, making it the fourth-largest cryptocurrency by market cap. The asset has experienced a steady rise in popularity, especially among retail investors. Recent data from Glassnode shows a 490% increase in active XRP addresses since the 2022 market low. In comparison, Bitcoin has seen a minimal increase of 0% in active addresses over the same period. This surge in retail activity signals growing speculative demand for XRP as the digital asset continues to gain traction.

As the firm aims to start offering futures contracts on XRP, the cryptocurrency market continues to expand the offering of legitimate structured products for traders. One application of XRP is its rising popularity among the retail public, which makes it a significant player in the market. As per the information we have, XRP futures will start in April 2025, this means the market will develop in some form for retail and institutional trading which is likely.

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