In major XRP news, Coinbase Derivatives has filed a market maker program for XRP, along with other cryptocurrencies, with the Commodity Futures Trading Commission (CFTC). This program will go into effect on May 1, as the derivatives platform seeks to boost liquidity on its order books.
XRP News Today: Coinbase Derivatives Introduces New Market Maker Program
A Deposit your cash It appears that the cryptocurrency exchange has submitted its cryptocurrency market maker program to the commission. Coinbase Derivatives revealed that the program will go into effect from May 1, with XRP and other cryptocurrency derivatives products listed on the platform, and will end on November 30.
the Crypto leverage trading platform He noted that the purpose of this market maker program is to support the development of XRP and other cryptocurrency products on the exchange by increasing liquidity in the exchange’s central limit order book. This is a positive thing, especially as institutional investors seek access to these cryptocurrency products.
As CoinGape reported last month, Prime Prime has added support for BTC, ETH, XRP, and Solana derivatives on Coinbase. Meanwhile, Coinbase Derivatives noted that eligible participants for the cryptocurrency market maker program will include those who agree to create two-sided markets, according to the program’s bidding requirements.
It should be noted that Coinbase Derivatives’ introduction of the XRP Market Maker Program comes amid several bullish developments for the altcoin. This includes Ripple partnering with Kyobo Life Insurance to tokenize government bonds in real-time on the XRP Ledger (XRPL), which could boost the token’s utility.
The price is up more than 4% today amid these developments
the Ripple price It rose by more than 4% today amid these positive developments for the token associated with Ripple. The token is currently trading at over $1.48, up from an intraday low of around $1.42, according to TradingView data.
The token also rose amid other major news for XRP that it is now live on the Solana network. CoinGape reported earlier this week that Solana teased the launch of XRPindicating that a wrapped version of the token will be published soon.
Commenting on the launch, Ripple’s developer arm noted that the growing demand for XRP is leading to increased cross-chain liquidity, thus opening new paths across ecosystems and expanding the overall market. The launch of Wrapped XRP (WXRP) on Solana resulted from a partnership between Hex Trust and LayerZero to bring this token to multiple networks.
🚀 wXRP is now available @Solanaenabled by @Hex_Trust and @LayerZero_Core.
Increasing demand for $XRP It drives cross-chain liquidity – opening new paths across ecosystems and expanding the overall market. https://t.co/AiExVF5nvX
– RippleX (@RippleXDev) April 17, 2026
