Coinbase Institutional is expanding its derivatives offering with the launch of 24/7 trading for XRP and Solana futures, starting June 13.
According to a May 29 statement, the move aims to provide real-time access for US institutional investors, aligning with the non-stop nature of global crypto markets.
Derivatives push
The new offering allows investors to trade XRP and Solana futures alongside established assets like Bitcoin and Ethereum, which Coinbase already supports with round-the-clock trading.
The exchange launched 24/7 perpetual futures trading for Bitcoin and Ethereum earlier this year. At the time, Coinbase emphasized that its futures product was built in collaboration with the Commodity Futures Trading Commission (CFTC), reflecting a broader effort to stay within US regulatory frameworks.
Additionally, the product expansion comes amid a positive shift in US sentiment toward crypto. Since Donald Trump’s return to the White House, his administration has taken a proactive step toward enabling the growth of the emerging industry by introducing new rules and regulations that would allow the sector to thrive.
Coinbase’s latest move reinforces this trend, positioning the company to capture a greater share in the global derivatives market while meeting rising institutional demand at home. Derivatives account for roughly 75% of global crypto trading volume, most of which occurs outside US borders.
Rising interest in Solana and XRP products
Meanwhile, this development follows a surge in interest for XRP and Solana among American investors, spurred by growing pro-crypto momentum across the country.
This is evidenced by the fact that several exchanges and ETF issuers have ramped up their applications for products tied to these assets to capitalize on the more favorable environment under Trump’s administration.
XRP and Solana are the fourth and sixth-largest cryptocurrencies by market capitalization, according to CryptoSlate’s data.. The two digital assets have gained renewed attention over the past year, thanks to their impressive price performance and increased institutional adoption.
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