Coinbase Institutional has taken a significant step by filing with the CFTC to self-certify XRP futures. This development opens the door for potential growth and trading opportunities in the XRP futures market. The futures contracts slated for introduction will be cash-settled and margined under the symbol XRL.

This move positions Coinbase strategically in the evolving landscape of cryptocurrency derivatives. It highlights the growing acceptance of XRP and its role in the futures market. As regulations around crypto assets continue to evolve, this step signifies investor confidence in XRP’s future potential.