Coinbase has announced that it has opened a permanent futures contract transaction between Solana (SOL) and XRP to US users.
Solana and XRP futures are now available to users
US investors will now be able to trade these products with up to five times the leverage, with no monthly maturity limit on contracts.
Last month, the company announced that it would launch permanent style futures in the US, unlike traditional futures. Coinbase Permanent Futures Contracts do not have a monthly maturity. They will only expire in five years.
Coinbase’s Futures Journey began with the launch of Nano Bitcoin (0.01 BTC) and Nano Ether (0.10 ETH) contracts. The term “Nano” refers to the small size of a contract, allowing investors to enter the market with less capital.
The fact that these products are fully regulated is also the first for US investors. Previously, US-based users were forced to look to offshore and unregulated platforms to access futures products.
*This is not investment advice.