- Coinbase to launch XRP, SOL futures with high leverage.
- New nano futures offer lower capital requirements for traders.
- Regulated products aim to replace offshore crypto futures platforms.
Coinbase Derivatives is preparing to launch nano perpetual futures for XRP and Solana (SOL) on August 18. The exchange aims to give traders access to these altcoin futures with contract sizes designed to lower entry barriers.
The new products will allow for up to 10x leverage, enabling users to control larger positions with smaller capital. Every contract will also be designed in a nano format (smaller sizes that will assist in minimizing risk but containing the benefit of being able to be exposed to a flexible extent).
These futures will not be within the traditional monthly expiry model. Rather, they are long-dated contracts whose maturity will be in five years. This structure will ensure that traders do not feel the pressure to roll contracts monthly.
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Coinbase entered the futures market last month with the launch of nano Bitcoin (0.01 BTC) and nano Ether (0.10 ETH) futures. Including XRP and Solana indicates the company is attempting to increase the range of services offered and appeal to buyers of altcoins.
Among the outstanding characteristics of the products is complete regulatory compliance in the United States. Coinbase’s regulated products now provide a safer and legal alternative within the U.S. market.
XRP and SOL Gain Momentum Across Exchanges and Institutional Platforms
Besides the leverage and regulation, these contracts open up crypto derivatives to a broader audience. The smaller sizes and long expiry reduce the complexity and financial pressure for less-experienced traders.
In the meantime, XRP and SOL are experiencing an increase in industry support. Recently, both XRP and Shiba Inu (SHIB) were introduced to Gemini as part of its supported collateral list.
There is also a rising interest on an institutional level as the Teucrium 2x Long Daily XRP ETF (XXRP) recently surpassed $300 million in net inflows. This is another milestone that indicates high investor interest in access to XRP-related products.
Coinbase’s choice to add XRP and Solana to its list of futures indicates the importance of altcoins in the derivative world. The launch may become a new phase in the history of the interaction of U.S. traders with regulated cryptocurrency futures.
As the launch of August 18 approaches, Coinbase is redefining access to altcoin derivatives. The high-leverage, low-capital model may attract both retail and institutional participants looking for new trading opportunities.
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