Coinbase announced that it has opened trading for Solana (SOL) and XRP perpetual futures contracts to US users.
Solana and XRP Futures Now Available to US Users
US investors will now be able to trade these products with up to 5x leverage, and there will be no monthly maturity limits on the contracts.
Last month, the company announced it would launch perpetual-style futures in the U.S. Unlike traditional futures, Coinbase's perpetual futures contracts don't have monthly maturities. They only expire after 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 contracts' smaller size, allowing investors to enter the market with less capital.
The fact that these products are fully regulated is also a first for US investors. Previously, US-based users were often forced to turn to offshore and unregulated platforms to access futures products.
*This is not investment advice.
