Coinbase XRP Futures Contract: An Important Step Forward

Coinbase Derivatives, LLC has launched a CFTC-regulated XRP futures contract, expanding the list of cryptocurrency derivative products under the oversight of U.S. regulators. This could be a stepping stone for a spot XRP cryptocurrency ETF, a product that the cryptocurrency industry has long desired. In the past, the SEC has viewed the existence of a regulated futures market as a prerequisite for approving a spot cryptocurrency ETF. Bitcoin and Ethereum have also followed this path.

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