A Nano XRP Perpetual Futures Contract (XPP) is a smaller-sized, cash-settled futures contract designed to track the price of XRP.
Each contract represents 500 XRP and uses a funding rate mechanism to help keep the futures price closely aligned with the underlying XRP market. XPP provides traders with a regulated way to manage XRP exposure, trade on margin, or take a view on the price of XRP.
Product:
Nano XRP Perp Style Futures
Futures Contract Symbol:
Exchange:
Coinbase Derivatives Exchange (CDE)
Contract Size:
500 of XRP
Trading Hours:
24/7 except Friday 5:00–6:00 PM ET
Minimum Price Fluctuation:
$0.0001 per XRP
Tick Value:
$0.05 per contract
Settlement Method:
Financially Settled in USD
Initial Expiration:
Third Friday of December 2030
Exchange Fees:
Nano Perp XRP Margins
Long (Buy) XPP
Short (Sell) XPP
Initial Day Margin
$240
$390
The primary ticker symbol for these contracts is XPP. This symbol represents the Coinbase Derivatives Nano XRP contract, which is a cash-settled instrument designed for retail capital efficiency.
Perpetual-style futures are futures contracts designed to track the price of an underlying asset without expiring on a set date.
Instead of expiring, these contracts use daily settlement and price adjustment mechanisms to maintain alignment with the spot market. This allows traders to maintain positions longer term while still operating within a regulated futures framework.
No, it’s a 5-year long-dated contract, effectively removing the need for monthly rolls.
No, Friday 6:00 PM – Friday 5:00 PM ET with a weekly one hour break each Friday
Yes. Nano XRP perpetual futures are CFTC-regulated futures contracts traded on a regulated U.S. derivatives exchange. Clearing is handled through an approved clearing organization, helping ensure transparency, risk management, and regulatory oversight.
Nano XRP perpetual futures are designed for traders seeking XRP price exposure with smaller contract sizes. They may appeal to active traders, hedgers, and market participants who want flexibility without fixed expiration dates, while still operating within a regulated futures environment.
No. Nano XRP perpetual futures are cash-settled. Profits and losses are settled in U.S. dollars rather than physical XRP, eliminating the need to hold or transfer the underlying asset.
Traders access Nano XRP perpetual futures through a futures brokerage that provides connectivity to regulated derivatives exchanges. Margin, fees, and platform access vary by broker, so traders should review all product specifications and disclosures before trading.
Trading Nano XRP perpetual futures involves market risk, leverage risk, and the possibility of losing more than the initial margin posted. Price volatility can lead to rapid gains or losses. Futures trading is not suitable for all investors and should be approached with proper risk management.

Speak with our experienced futures brokers at 312-500-4730 to discuss how we can service your futures trading needs.