Imagine a world where the future of cryptocurrency is written in the stars, and Coinbase is the astrologer charting the course.
The company has just filed with the CFTC to launch XRP futures, expected to go live on April 21, 2025.
Business development
Coinbase’s move is part of its bigger strategy to expand its derivatives offerings, as they’ve already launched futures for Solana and Hedera, and they’re not stopping there.
Cardano and Natural Gas futures are on the horizon, pending CFTC approval. It’s like a game of chess, where each move sets up the next.
And with XRP, they’re betting on one of the most liquid digital assets out there.
Court win
But what makes XRP so special? Well, for starters, it’s been through a legal wringer. The long-standing lawsuit between Ripple Labs and the SEC has finally concluded, with Ripple paying a $50 million fine.
It’s like a weight has been lifted off the XRP community’s shoulders.
Now, with legal clarity, the stage is set for a spot XRP ETF in the U.S. Several big players, including Bitwise and Franklin Templeton, are already lining up for approval.
Going mainstream
The implications are huge. If approved, these ETFs could bring XRP into the mainstream, making it more accessible to institutional investors.
It’s like opening the floodgates, and once the big players jump in, we know what will happen. Others will follow.
And with giants like BlackRock and Fidelity potentially entering the scene, it’s a whole new ball game.
So the big question now is what does the future hold for XRP futures? Will they be a hit or a miss? Coinbase is betting big on XRP, and this suggest they’re expecting a hit. Probably a big one.
Have you read it yet? PayPal announced that Solana and Chainlink join the party
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