Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-ratings.com
May 30, 2025 at 20:27
US Crypto Market Sees Coinbase Launching Futures for Solana and XRP
In an exciting development for U.S. traders, Coinbase is set to launch 24/7 futures trading for Ripple's XRP and Solana starting on June 13.
This initiative by Coinbase Derivatives follows the success of its round-the-clock futures for Bitcoin and Ethereum, catering to the ever-active nature of the crypto market.
The move marks Coinbase as the first CFTC-regulated derivatives exchange to offer non-stop trading options in the U.S.
With derivatives comprising over 75% of global crypto trading volume, this expansion aims to capture a significant share of the burgeoning market.
Coinbase CEO Andy Sears described the introduction of these 24/7 regulated markets as a potential game-changer for the industry.
Interest in altcoins like Solana and XRP has surged as multiple investment managers file for spot ETFs, coinciding with a shift in the regulatory landscape.
Analysts have projected a 90% likelihood of U.S. regulators approving a Solana ETF in 2025, with an 85% chance for XRP funds.
Currently, XRP is trading at $2.19, while Solana is at $161.32, influenced by recent market volatility tied to external economic events.
The announcement further reinforces Coinbase's commitment to advancing its trading platform and meeting trader demands through innovative features and expanded offerings.
As the cryptocurrency landscape continues to evolve, traders and investors should stay abreast of these developments to optimize their strategies.
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