Coinbase Launches XRP Perpetual Futures to Boost Institutional Exposure

I believe Coinbase's launch of XRP perpetual futures is a strategic move to significantly boost institutional involvement in XRP trading. This development is likely to make XRP more attractive to professional investors and large-scale traders, given Coinbase's reputation and reach in the crypto exchange ecosystem. Perpetual futures are a popular derivative instrument that offer traders the ability to speculate on XRP prices without expiration dates, providing flexibility and leverage. Coinbase's offering of XRP perpetual futures could lead to increased trading volume and liquidity for XRP, potentially impacting its price positively over time. This move suggests Coinbase's confidence in XRP's long-term value proposition and aims to position XRP as a key digital asset for institutional portfolios. It also reflects a broader trend of major exchanges expanding their derivative products to meet growing institutional demand in the crypto market.