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13h ago

Coinbase Launches USD-Settled Nano Perpetual-Style Futures for XRP and Solana

The launch gives U.S. traders a regulated route to small‑notional, perpetual‑style exposure long concentrated on offshore venues.

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Overview

  • Each nano XRP contract represents 10 XRP and each nano Solana contract represents 5 SOL, with USD cash settlement.
  • Contracts use funding-rate adjustments to keep prices aligned with spot markets rather than traditional monthly expiries.
  • Trading occurs on Coinbase Derivatives, a CFTC‑registered designated contract market.
  • The rollout followed July’s nano Bitcoin and Ether products, extending Coinbase’s U.S. perps lineup to major altcoins.
  • The debut coincided with the SEC delaying decisions on multiple XRP ETF filings, and some reported terms—such as up to 5x leverage and five‑year expiries—have been cited by media but are not equally verified by official documentation.