XRP is showing resilience despite recent market volatility. While it experienced a significant drop from its previous high, the cryptocurrency is finding renewed support. The launch of XRP futures on the Coinbase Derivatives platform introduces new avenues for investors to engage with XRP.
Coinbase launched regulated XRP futures on its Coinbase Derivatives platform. This move provides both retail and institutional investors with regulated tools to manage risk and gain exposure to XRP. The futures contracts come in two sizes: standard contracts representing 10,000 XRP and "nano" contracts representing 500 XRP.
Currently, XRP is trading around $2.10. The introduction of futures contracts on a major exchange like Coinbase could lead to increased liquidity and stability for XRP in the long term.