Coinbase Launches Nano XRP and SOL Perpetual Futures for US Traders

Coinbase Derivatives has officially launched nano perpetual futures contracts for XRP and Solana (SOL) for eligible traders in the United States. The announcement, made on August 18, 2025, signifies a notable expansion of regulated crypto derivatives offerings within the U.S. market. Scott Shapiro, in a tweet, confirmed the development, stating, "XRP and SOL Perps just went live on Coinbase in the US!"

These new "nano" contracts are designed to provide retail traders with more accessible and lower-cost entry points into the derivatives market. Each nano XRP contract represents 10 XRP, while each nano Solana contract represents 5 SOL. Both are cash-settled in USD and utilize funding rate adjustments to maintain close alignment with their respective spot prices.

The perpetual futures are traded on Coinbase Derivatives, a platform registered with the U.S. Commodity Futures Trading Commission (CFTC) as a designated contract market. This regulatory oversight provides a layer of security and trust for U.S. investors, distinguishing Coinbase's offerings from many offshore, unregulated platforms. The launch follows Coinbase's earlier introduction of nano Bitcoin and nano Ether perpetual futures.

The introduction of XRP and SOL perpetual futures allows traders to speculate on price movements, hedge existing spot positions, and engage in leveraged trading, with some reports indicating leverage up to 5x or 10x. This move is part of Coinbase's strategic effort to capture a larger share of the rapidly growing crypto derivatives market and meet the increasing demand for sophisticated, regulated financial products in the digital asset space.

The timing of this launch also coincides with ongoing regulatory discussions and delays concerning spot crypto Exchange-Traded Funds (ETFs) for assets like XRP. By expanding its CFTC-regulated derivatives suite, Coinbase aims to bridge the gap for U.S. traders seeking regulated avenues for advanced crypto trading strategies. This development is expected to enhance liquidity and maturity within the U.S. crypto market.