Coinbase Derivatives Launches New Futures Contracts
Coinbase Derivatives is set to roll out new nano perpetual futures contracts for XRP and Solana (SOL), starting on August 18. These innovative futures incorporate smaller contract sizes, enabling participants to engage with lower capital outlay.
Unique Features of Coinbase’s Perpetual Futures
Last month, Coinbase signaled its intent to introduce perpetual futures in the United States. Unlike traditional futures, these perpetual offerings from Coinbase are unique as they lack monthly expiration dates, remaining valid for a period of five years after initiation.
The new offering follows earlier releases of nano Bitcoin futures (0.01 BTC) and nano Ether futures (0.10 ETH). A key feature of these products is their full regulatory compliance, marking a significant advancement for U.S. traders who have historically depended on unregulated offshore platforms for futures trading access.
Leverage Options and Market Developments
Additionally, these contracts come with a noteworthy leverage option, allowing up to 10x on trades. In related developments, Gemini, another prominent U.S. exchange, has enhanced its platform by enabling XRP, Solana, and Shiba Inu (SHIB) as margin trading collateral.
Furthermore, the Teucrium 2× Long Daily XRP ETF (XXRP) has recently achieved a milestone of $300 million in net inflows, reflecting growing investor interest in these assets.
