Coinbase Don Launch XRP & Solana Nano Perpetual Futures
Coinbase don expand dia US derivatives package by putting out nano XRP and nano Solana perpetual futures. Each nano XRP contract cover 10 XRP, while each nano SOL contract represent 5 SOL; both na USD-settled and dem they use funding rate adjustments to follow spot prices. This launch come after the platform July introduction of nano Bitcoin and nano Ether perpetual futures and e dey happen as US Securities and Exchange Commission decide to delay multiple XRP ETF proposals from 21Shares, CoinShares, and Grayscale. These products wey dey available on Coinbase Derivatives – a CFTC-registered designated contract market – dem reinforce Coinbase movement into the fast-growing perpetual futures sector. With decentralized exchange Hyperliquid leading perps trading volume plus competitors like Kraken and Robinhood wey dey also offer similar products, the new contracts dem dey aimed to catch increased demand among institutional and retail traders.
Bullish
Coinbase launch of XRP and Solana perpetual futures na dey bullish as e dey expand trading tools dem, fit make trading volume and liquidity for these tokens increase. By introducing nano contracts wey settle for USD on top CFTC-registered platform, Coinbase dey reduce barrier for retail and institutional traders, like how e bin do before with nano BTC/ETH futures wey boost derivatives activity. This move come because SEC dey delay spot XRP ETFs, so investors dey turn to futures products. Competition from platforms like Hyperliquid, Kraken, and Robinhood fit make perps market share stronger. For short term, this addition fit cause trading spikes and volatility for XRP and SOL; for long term, e go strengthen Coinbase derivatives offering and fit attract steady growth in perpetual futures volume, making market depth for these assets better.