Coinbase Derivatives is set to launch 24x7 futures trading for Ripple's XRP and Solana (SOL) on June 13, bridging the gap between fixed trading hours and the 24/7 nature of the crypto market.
The round-the-clock futures trading will be available for both retail and institutional users in the US, following Coinbase's recent introduction of 24/7 trading for Bitcoin and Ethereum futures.
Coinbase aims to capture a significant share of the trillion-dollar derivatives market by offering these new products, given that derivatives now account for over 75% of global crypto trading volume.
This move by Coinbase coincides with various investment managers submitting paperwork for spot XRP and SOL exchange-traded funds (ETFs) with the SEC, as Bloomberg Intelligence analysts raise the estimated odds of US regulators approving a SOL ETF in 2025 to 90% and funds holding XRP to 85%.