Ripple opened a way for XRP -based corporate products in agreement with SEC. More than one asset manager, then applied for the Spot XRP ETFs. Now, the leading crypto exchange Coinbase has applied to CFTC to start XRP futures with the improvement of regulatory conditions.
Coinbase applied to CFTC for futures XRP contracts!
Coinbase Derivativees applied to the US Commodity Futures Trade Commission (CFTC) for the futures XRP agreement. The stock market plans to open the product on April 21st. If the bid is accepted, Coinbase will be the second US platform to list the XRP -term transactions after Bitnomial’s listing at the beginning of this month.
Kriptokoin.comAs you have followed from this move, SEC’nin Ripple Labs with the legal disagreement of the legal dispute came after making progress. Ripple and SEC’s agreement refers to a change in the regulatory stance surrounding the XRP.
Coinbase Futures Trading Strategy
The ‘Self -Certificate’ process presented to CFTC allows Coinbase Derivativees to submit new term transaction contracts without pre -official approval. This approach is part of the platform’s strategy to expand access to regulated crypto -term transactions.
Meanwhile, Coinbase Derivativees has recently launched futures for Solana and Hedera. In addition, Cardano (Island) and Natural Gas (NGS) are expected to be initiated before the end of April.
Withdrawal of SEC in the case removed the obstacles in front of XRP
Coinbase’s decision seems to be linked to the improvement of XRP’s regulatory position after the developments in the case between SEC and Ripple Labs. Two weeks before Coinbase’s application, Ripple CEO Brad Garlinghouse announced that the SEC had agreed to withdraw its objection in the long -standing case. As a part of the agreement, Ripple accepted an agreement of $ 50 million (dropped from $ 125 million) and withdrew his own cross appeal.
Experts say that this decision leads to the XRP -affiliated corporate products. Coinbase’s futures application is an example of this. Many asset executives have applied to SEC for Spot XRP ETFs. Existing Spot XRP ETF applications include Bitwise, Canary Capital, 21shares, WisdomTree, Coinshares, Grayscale and Franklin Templeton. Proshares and Volatility Shares also follow other XRP -related investment products.
