On Monday, Coinbase announced the launch of XRP futures contracts on its US derivatives exchange. These products are subject to the oversight of the Commodity Futures Trading Commission (CFTC), and allow traders the opportunity to trade one of the most actively traded cryptocurrencies in a strictly regulated environment.

The exchange offered two types of contracts: a standard version linked to 10,000 XRP and a smaller 'nano' contract representing 500 XRP - valued at approximately $1,000 as of April 21, based on regulatory filings.