Coinbase Derivatives is scheduled to launch trading of XRP futures contracts today, April 21, 2025, after having submitted a self-certification request to the Commodity Futures Trading Commission (CFTC). These contracts will be cash-settled, will operate under the symbol XRL, and each contract will represent 10,000 XRP. As a safety measure, trading will be paused if the price of XRP fluctuates more than 10% in an hour. This launch follows that of Bitnomial, which introduced CFTC-regulated XRP futures in March 2025.