- Coinbase has filed with the CFTC to launch XRP futures on April 21, 2025, offering a regulated way to trade the digital asset.
- This move follows a major legal victory for Ripple, with XRP being declared not a security in 2023, boosting confidence in its market standing.
In a significant shift for the crypto landscape, Coinbase Derivatives has filed with the Commodity Futures Trading Commission (CFTC) to self-certify XRP futures contracts. Set to launch on April 21, 2025, these futures will offer a regulated and efficient way for investors to trade XRP, one of the most liquid digital assets in the market. This move signals renewed confidence in XRP, which has weathered a storm of legal challenges over the past few years.
Also read: SUI Overtakes TRON, Becomes 3rd Largest Blockchain by Daily Active Addresses
The legal battle surrounding XRP began in 2020 when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, claiming that XRP was an unregistered security. This lawsuit shook the market and led to XRP being delisted from several major exchanges, including Coinbase. However, the narrative took a dramatic turn in July 2023 when Judge Analisa Torres ruled that XRP is not a security. This pivotal decision not only led to XRP’s re-listing on exchanges but also restored investor confidence.
John Deaton, a prominent lawyer advocating for XRP holders, recently revisited the key events in the legal battle, offering insight into the twists and turns that defined XRP’s journey. Deaton highlighted a critical moment in January 2019 when Coinbase met with the SEC, confirming that XRP was not classified as a security. This confirmation came after a thorough review by top securities lawyers, clearing the path for Coinbase to list XRP in February 2019.
Deaton also pointed out the contradiction in the SEC’s stance. Despite the SEC’s lawsuit in December 2020, earlier analyses by both Coinbase and SEC enforcement lawyers had not concluded that XRP was a security. This discrepancy has fueled frustration among XRP supporters, as resources and time were spent on legal proceedings that could have been avoided with clearer regulatory guidance.
With the introduction of XRP futures on Coinbase, the market now has a more regulated and structured way to engage with the digital asset. This marks a new chapter for XRP, signaling its growing acceptance within the traditional financial system and its potential to become a staple in cryptocurrency trading. As the legal cloud lifts, XRP’s future appears brighter than ever, and the launch of futures contracts is a testament to its renewed strength in the market.
