- Coinbase to launch nano XRP and SOL perpetual futures on August 18.
- Contracts are USD-settled and mirror spot prices using the funding rate.
- Aimed at giving U.S. users more regulated crypto trading options.
Coinbase is gearing up to launch nano futures contracts for Solana (SOL) and XRP on its U.S. derivatives platform starting August 18. The new listings are part of Coinbase’s broader plan to expand access to regulated crypto products across the country.
Back in May, the exchange added XRP, SOL, and Cardano to its 24/7 futures platform overseen by the CFTC. This move builds on that foundation, giving traders more ways to engage with top altcoins.
The addition comes through Coinbase Derivatives LLC and follows a push to offer simplified, lower-sized contracts to meet growing demand. By launching nano-style perpetual futures, Coinbase is opening the door for smaller traders to participate in markets once dominated by high-volume players.
Also Read: Coinbase Buys Liquifi to Dominate Crypto Token Lifecycle Management
What to Know About nano SOL Futures
The nano Solana futures, trading under the code SLP, are five-year contracts that settle in U.S. dollars. Each contract covers 5 SOL and is designed to follow the spot price closely.
This is done through a funding rate that adjusts open positions using a cash-based system. Trading kicks off every Friday at 6:00 PM ET and runs non-stop until the following Friday at 5:00 PM ET, with a one-hour weekly break.
The first listed contract expires in December 2030. After that, new ones will roll out automatically. The smallest price movement is $0.01 per SOL, and the tick value per contract is $0.05.
The position cap is set at 340,000 contracts. The exchange also has policies in place for hard forks; any new tokens won’t be added to the index unless they become the main version.
Coinbase Expands Regulated XRP Futures Offering
The XRP version, listed under XPP, follows a similar setup. Each contract includes 500 XRP and is also USD-settled. It runs on the same schedule and funding mechanism as the SOL contract. Price changes are tracked in small $0.0001 increments per XRP, again with a tick value of $0.05 per contract.
These XRP futures will expire in December 2030 as well, with future contracts listed automatically. Position limits are higher here, set at 700,000 contracts. These nano products allow traders to manage risk, hedge their holdings, or speculate in a way that’s accessible and fully regulated.
However, with this latest move, the exchange is pushing forward with its goal of making crypto markets more available, giving traders across the U.S. tools they can use under clear and secure rules.
Also Read: Coinbase and Perplexity AI Partner to Launch Real-Time Crypto Price Feed
