Coinbase Institutional is making a significant move in the derivatives market with the introduction of 24/7 trading for XRP and Solana futures, set to kick off on June 13. This expansion of offerings is aimed at providing US institutional investors with real-time access to these assets, aligning with the continuous nature of the global crypto markets.
The decision to include XRP and Solana futures alongside established cryptocurrencies like Bitcoin and Ethereum comes as part of Coinbase’s broader effort to cater to the increasing demand for derivatives trading. Earlier this year, the exchange introduced 24/7 perpetual futures trading for Bitcoin and Ethereum, emphasizing its compliance with regulatory standards set by the Commodity Futures Trading Commission (CFTC).
The timing of this product expansion coincides with a positive shift in the regulatory landscape for cryptocurrencies in the US. The return of Donald Trump to the White House has brought about a more favorable environment for the industry, with new rules and regulations being introduced to support its growth. Coinbase’s latest move reflects this trend, positioning the company to capture a larger share of the global derivatives market while meeting the rising institutional demand in the US.
Interest in XRP and Solana products has been on the rise among American investors, driven by the overall pro-crypto sentiment in the country. Exchanges and ETF issuers have been quick to capitalize on this trend by ramping up their offerings tied to these assets. XRP and Solana, ranking as the fourth and sixth-largest cryptocurrencies by market capitalization according to CryptoSlate’s data, have been gaining attention due to their strong price performance and increased institutional adoption.
In conclusion, Coinbase’s decision to add 24/7 trading for XRP and Solana futures marks a significant step in the company’s derivatives expansion strategy. With the derivatives market accounting for a substantial portion of global crypto trading volume, this move positions Coinbase to capitalize on the growing demand for these assets both domestically and internationally. The post originally appeared on CryptoSlate and highlights the continuing evolution of the cryptocurrency industry in the US.