XRP and SOL Nano Futures Hit Coinbase on August 18
Coinbase will offer nano XRP and SOL perpetual futures on its derivatives platform for US traders
Quick overview
- Coinbase will launch nano XRP and SOL perpetual futures for US traders to expand market access.
- The nano XRP futures contract represents 500 XRP and uses a funding rate mechanism for price tracking.
- Each nano SOL futures contract represents five Solana tokens and has a tick size of $0.01.
- Both contracts will expire in December 2030 and settle in US dollars, with specific position limits for traders.
Live SOL/USD Chart
Coinbase will offer nano XRP and SOL perpetual futures on its derivatives platform for US traders, the company announced Tuesday. Coinbase’s goal to expand market access by introducing new cryptocurrency products aligns with the upcoming launch.
500 XRP will be represented by the nano XRP futures contract, which will use a funding rate mechanism that debits or credits open positions to track the spot price. New contracts listed monthly and will expire in December 2030, with settlement in US dollars.
The position limit is 700,000 contracts, and there is a minimum price increase of $0.0001 per XRP. Each nano SOL futures contract has a tick size of $0.01 and represents five Solana tokens. It settles in US dollars, shares the same trading hours as the XRP product, and expires in December 2030. Up to 340,000 contracts are available for traders.
Coinbase’s earlier introduction of CFTC-regulated perpetual futures for US traders, starting with nano Bitcoin and nano Ether contracts offering up to T, follows this launch..
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