Coinbase to Introduce New XRP and SOL Products
Main Idea
Coinbase Derivatives will launch nano perpetual futures for XRP and Solana (SOL) on August 18, offering lower capital requirements and 10x leverage, while Gemini adds support for these tokens as collateral.
Key Points
1. Coinbase Derivatives is introducing nano perpetual futures for XRP and SOL, set to debut on August 18.
2. The new products allow trading with 10x leverage and lower capital requirements.
3. Gemini has added support for XRP, SOL, and other tokens like Shiba Inu (SHIB) as collateral for margin trading.
4. The Teucrium 2× Long Daily XRP ETF (XXRP) recently surpassed $300 million in net inflows.
Description
Nano XRP and Solana (SOL) futures are set to be launched by Coinbase Derivatives
$XRP
$3.1000
-0.87%
$SOL
$177.84
-2.02%
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