Coinbase set to launch XRP Futures Trading
Coinbase Derivatives anticipates launching XRP futures trading on Monday.
Quick overview
- Coinbase Derivatives is set to launch XRP futures trading on Monday, with further details to be provided to investors.
- Ripple's XRP has maintained a trading price above $2, indicating strong buyer interest despite previous market drawdowns.
- Improving sentiment and increased open interest in XRP derivatives may contribute to the token's bullish momentum.
- The approval of XRP futures could enhance institutional adoption, offering a regulated trading option for investors.
Live XRP/USD Chart
Coinbase Derivatives anticipates launching XRP futures trading on Monday. Investors will receive additional details about launch schedules and availability in advance.
Ripple (XRP) traded above $2 on Monday’s trading session. Buyers persisted in purchasing the token, with XRP above the $2.00 mark, demonstrating tenacity and resolve despite the April drawdowns.
According to CoinGlass data on XRP derivatives, sentiment is improving, which could push the digital asset higher in the days ahead. XRP futures trading by Coinbase Derivatives and an increase in open interest are two factors that might be driving the token’s bullish momentum.
Although the cryptocurrency market is experiencing improvement and technical indicators are signaling buy opportunities, a loss of support at $2 could accelerate losses to the 200-day EMA at $1.95.
Coinbase Derivatives, a division of the Coinbase cryptocurrency exchange, may begin trading XRP futures contracts on Monday. Coinbase declared that Coinbase Derivatives had submitted a request to “self-certify” XRP futures to the Commodities Futures Trading Commission (CFTC) on April 4.
If approved, this development would facilitate institutional adoption of XRP, providing investors with access to a regulated instrument for one of the most liquid digital assets in the market.
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