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ZyCrypto 2025-05-30 20:21:56

Coinbase Set To Launch XRP And Solana Futures Trading In The US As ETF Hype Grows

Coinbase Derivatives is looking to launch round-the-clock futures trading of Ripple’s XRP and Solana (SOL) on June 13, in an effort to bridge the gap between fixed trading hours and the 24/7 nature of the crypto market. Starting June 13, we’re enabling 24×7 trading for $XRP and Solana ( $SOL ) futures, unlocking real-time access to U.S. traders, reflecting the always-on nature of crypto markets. — Coinbase Institutional (@CoinbaseInsto) May 29, 2025 Coinbase Derivatives, the firm’s CFTC-regulated derivatives arm, will enable the round-the-clock futures contracts trading for both retail and institutional users. The announcement follows Coinbase Derivatives’ recent introduction of 24/7 trading for Bitcoin and Ethereum futures , which made the entity the first CFTC-regulated derivatives exchange to offer round-the-clock access to crypto futures contracts in the US. The move came just a day after Coinbase announced it would acquire the derivatives exchange Deribit in a $2.9 billion deal to boost derivatives offerings. By debuting these products, Coinbase is positioning itself to grab a huge share of the trillion-dollar derivatives market. The company noted that derivatives now make up over 75% of global crypto trading volume. With the new offerings, Coinbase aims to tap into that increasing demand, providing US traders with more tools to remain active in a market that never sleeps. “The arrival of 24/7 CFTC-regulated markets is a game-changer for the industry,” Coinbase Financial Markets CEO Andy Sears said in a statement. The launch comes at a time when several investment managers, such as Bitwise, Grayscale, Canary Capital, 21Shares, and Franklin Templeton, have submitted paperwork with the SEC for spot XRP and SOL exchange-traded funds (ETFs) amid shifting regulatory winds in the US. Bloomberg Intelligence analysts last month upped their estimated odds of US regulators approving a SOL exchange-traded fund (ETF) in 2025 to 90%. They pegged an 85% chance of approval to funds holding XRP. XRP was trading at $2.19 as of press time, after dropping 4.6% in the last 24 hours after a U.S. appeals court temporarily reinstated Trump’s sweeping tariffs, rattling investor confidence and triggering a crypto market-wide sell-off. Meanwhile, SOL slid 5.5% to $161.32, per CoinGecko.

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