Coinbase Launches Nano XRP and SOL Futures for U.S. Traders

Coinbase Derivatives is expanding its lineup with new nano-sized futures contracts for Solana and XRP. Set to launch on August 18, these U.S.-style perpetual futures are designed to provide retail traders with easier and lower-cost access to major crypto assets, making it easier for U.S. traders to access and trade crypto with less capital.

The new launch supports Coinbase’s goal of giving more people access to crypto markets through simple and regulated products.

What to Expect from the New Nano Futures

Nano XRP Perpetual Futures

The nano XRP Perp Futures is a 5-year, cash-settled contract that closely follows XRP’s spot price using a funding rate to adjust open positions, and each contract covers 500 XRP. New contracts are listed every month and will expire in December 2030, with settlement in U.S. dollars. Each trader can hold up to 700,000 contracts. 

Nano Solana Perpetual Futures

Like the XRP version, Coinbase Derivatives’ nano Solana Perp Futures is also a 5-year, cash-settled contract designed to track SOL’s spot price using a funding rate system. This adjusts open positions with regular cash credits or debits, keeping pricing in line with the market. 

Each nano SOL futures contract represents 5 Solana tokens and offers a simple, cost-effective way to trade, hedge, use margin, or speculate on Solana’s price. Contracts are listed monthly and expire in December 2030, with a position limit of 340,000 contracts.

Both products are built to offer traders a simple and cost-effective way to hedge, speculate, or use margin on two of the most traded altcoins in the market.

Coinbase Expands Its Regulated Futures Offering

This launch follows Coinbase’s earlier move to offer CFTC-regulated futures for U.S. traders, starting with nano Bitcoin and Ether with up to 10x leverage. In May, it added SOL, XRP, and Cardano to its 24/7 regulated futures platform, expanding its crypto offerings.

Gemini Broadens Collateral Options

Just recently, Gemini rolled out support for more tokens as collateral on its derivatives platform. Users can now use BCH, DOGE, SHIB, SOL, and XRP, alongside BTC, ETH, USDT, and GUSD, to back their perpetual contracts.

Even though all perpetual contracts are settled in Gemini Dollar (GUSD), the new cross-collateral feature means you can hold and use a wider variety of tokens to meet margin requirements.