Coinbase launches XRP and Solana perpetual futures for US traders

Coinbase announced earlier today the launch of perpetual futures contracts tied to XRP and Solana, expanding its derivatives suite for US customers.

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The new nano XRP and nano Solana perpetual futures follow Coinbase’s July 30 rollout of perpetual-style futures for nano Bitcoin and nano Ether.

Each nano XRP contract represents 10 XRP, while each nano Solana contract represents 5 SOL. Both are settled in USD and use funding rate adjustments to closely track spot prices. Like the earlier nano products, they trade on Coinbase Derivatives, which is registered with the CFTC as a designated contract market.

The timing comes as regulators continue to weigh the future of spot crypto ETFs. Earlier today, the SEC delayed its decision on multiple XRP ETF proposals from 21Shares, CoinShares, and Grayscale.

Coinbase’s push into perpetual futures underscores its bid to capture a slice of the fast-expanding perps market, a sector where decentralized exchange Hyperliquid has surged in dominance, while US competitors Kraken and Robinhood have also entered the space.