TL;DR
- Launch details: Coinbase opened U.S. perpetual futures for SOL and XRP, offering up to 5x leverage and no monthly expiries, using a far-dated five-year termination that mirrors offshore flexibility.
- Why it matters: U.S. traders historically chased perpetuals on unlicensed venues with higher counterparty risk; Coinbase now provides a regulated path that can attract retail and institutional demand.
- Roadmap context: The move builds on the exchange’s “nano” futures, including 0.01 BTC and 0.10 ETH contracts designed for accessibility, extending that strategy to SOL and XRP to deepen regulated liquidity.
Coinbase has launched perpetual futures for Solana (SOL) and XRP for U.S. customers, broadening its range of regulated derivatives. The contracts offer up to 5x leverage and, for the American market, avoid monthly expiries, reaching a far-dated termination five years out. The launch closes a long-standing gap with offshore venues and builds on last year’s “nano” futures that shrank contract sizes for retail traders.
ICYMI: Our US Perpetual-Style Futures product suite is expanding.
nano $SOL and nano $XRP perpetual-style futures are now live on Coinbase Derivatives. pic.twitter.com/P6gM8CafAh
— Coinbase Institutional 🛡️ (@CoinbaseInsto) August 18, 2025
What Coinbase launched
The new SOL and XRP perpetuals sit inside Coinbase’s U.S. futures venue, mirroring popular offshore products while adding oversight. By bringing these pairs onshore, Coinbase gives domestic traders exposure without turning to unlicensed platforms. Access comes within a supervised environment that narrows counterparty and operational risks.
How these futures differ
Unlike traditional quarterly or monthly futures that roll frequently, these products avoid routine expiration cycles. They provide a consistent trading experience, and according to Coinbase’s design for the U.S. market, it only officially concludes after five years. The structure pairs with moderate leverage, capped at 5x, to emphasize responsible exposure while preserving flexibility and liquidity. The stated goal is to deliver the product traders want under rules that U.S. participants can actually use.
Why this matters to U.S. traders
For many years, American users seeking perpetuals frequently turned to foreign markets, taking on greater counterparty risk and having fewer protections. Coinbase’s launch introduces a regulated route at home, matching global market preferences with domestic compliance. The company frames this as a safer alternative that could attract both retail and institutions seeking exposure to SOL and XRP within a familiar brokerage environment. It also signals competitive pressure on offshore venues as regulated liquidity deepens in the United States.
The broader roadmap
This rollout follows Coinbase’s earlier introduction of small “nano” contracts, including 0.01 BTC and 0.10 ETH sizes designed to lower capital requirements for entry. Extending perpetuals to Solana and XRP continues that roadmap by pairing accessibility with regulatory clarity. With two of the most actively traded altcoins now supported, Coinbase is staking a claim to leadership in U.S. crypto derivatives while signaling further product expansion to meet demand that historically lived offshore in a regulated fashion.
