The post Ripple News: XRP and Solana Futures Go 24/7 on Coinbase Beginning June 13 appeared first on Coinpedia Fintech News
Coinbase Derivatives recently launched 24/7 trading for Bitcoin and Ethereum futures, which made it the first CFTC-regulated U.S. exchange to do so. U.S. traders can now buy and sell BTC and ETH futures anytime.
24/7 XRP & SOL Futures To Launch Soon
Now, it is planning to launch 24/7 trading for XRP and SOL futures, starting June 13. This will help bridge the gap between traditional U.S. hours and the global markets. Derivatives now make up over 75% of the global crypto trading. Coinbase aims to get a larger share.
“The arrival of 24/7 CFTC-regulated markets is a game-changer for the industry,” said Andy Sears, CEO of Coinbase Financial Markets.
More Futures and Perpetual Contracts
Coinbase rolled out Solana futures in February, followed by XRP and nano XRP futures last month. In Thursday’s trading, Nano Solana topped the charts with over 23,000 contracts traded. XRP futures also saw strong action, with more than 13,000 contracts traded across both standard and nano sizes.
It is now offering futures contracts for SOL, XRP, ADA, and HBAR. The exchange is also about to launch perpetual BTC and ETH futures in the U.S., a new way to trade crypto, which is designed to meet the high demand for crypto derivatives within a fully regulated setting.
While Bitcoin and Ethereum remain the core of Coinbase’s derivatives, the strong early demand shows that traders are showing interest in altcoin futures, too.
Coinbase Rolls Out New Features
Coinbase Advanced is now ever better as it has rolled out newer features. Auto-sweeping sends excess funds back to your main account. Auto-rolling uses smart algorithms to manage expiring positions. New order types with editable limit orders are also coming soon. It is also releasing a new margin health tool that makes it easier to track and manage liquidation risk.