TLDR
- Coinbase offers 24/7 futures trading for XRP, SOL, ADA.
- Projected daily trading volume for XRP and SOL is $3.3 billion.
- Coinbase aims to enhance institutional market access with new products.
Coinbase, a leading cryptocurrency exchange, is set to introduce 24/7 futures trading for XRP, Solana (SOL), and Cardano (ADA) starting June 13, 2025. This marks the first time a U.S. Commodity Futures Trading Commission (CFTC)-regulated exchange offers continuous institutional access to these altcoin derivatives. Notably, this initiative follows the existing service for Bitcoin (BTC) and Ethereum (ETH) futures trading.
The decision to launch around-the-clock trading comes in response to the growing demand for flexible and real-time crypto derivatives trading. As one of the world’s largest exchanges, Coinbase, under CEO Brian Armstrong, is seeking to expand institutional market access with this move. These trading products will be accessible through Coinbase Institutional, a division specifically designed for professional and institutional traders.
Details of the New Trading Products
According to announcements from Coinbase Institutional, the new 24/7 futures trading aims to enhance global accessibility and market responsiveness. Although there are no further quotes from Coinbase executives at this time, additional updates may be expected from the company’s Twitter or blog in the coming days.
While specific financial details or funding for the product launch have not been disclosed, continuous trading availability is projected to capitalize on the current daily trading volume. For XRP and Solana alone, this volume is currently estimated at approximately $3.3 billion, which could subsequently increase liquidity and trading fees for Coinbase.
Implications for Institutional Interest
The institutional interest is likely given the recent launch of CME Group’s regulated XRP futures in May 2025. This broadens the acceptance of these assets within U.S. markets and indicates growing comfort with altcoin derivatives. This development potentially strengthens Coinbase’s position as a go-to platform for institutional crypto trading.
Moreover, the launch of Coinbase’s earlier Bitcoin and Ethereum futures attracted considerable institutional volume. A similar positive trajectory might follow for the newly introduced XRP, SOL, and ADA futures, increasing market sophistication and engagement.
Market Impact on XRP, SOL, and ADA
XRP, Solana (SOL), and Cardano (ADA) are directly impacted by this new offering, alongside Bitcoin (BTC) and Ethereum (ETH). Notably, Ripple’s XRP repeatedly records a daily spot volume exceeding $1.5 billion globally, positioning it as a critical asset for this initiative.
There are no immediate reports on changes to Total Value Locked (TVL) or liquidity, but these trading products are expected to encourage more active hedging and liquidity provisioning, especially from institutional market makers.
Regulatory and Community Considerations
Coinbase’s move to offer around-the-clock trading for these altcoin futures positions it as a pioneering platform under CFTC regulation in the United States. This launch aligns with broader regulatory trends that signal increased acceptance of select altcoin derivatives in the country.
Community sentiment across platforms like Twitter and Reddit is presumed to be positive due to the extension of trading hours and liquidity increase. However, as of now, no direct comments from key opinion leaders or influencers have been indexed.
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