- Coinbase (NASDAQ:COIN) has received regulatory approval to enable retail perpetual futures trading.
- Linda P. Jones explained the implications of the approval for XRP.
- Jones thinks the approval will lead to an influx of institutional money.
Coinbase, the leading crypto exchange, has received regulatory approval to enable retail perpetual futures trading for eligible non-US customers. In a post on X (formerly Twitter), Linda P. Jones, author of the book “3 Steps to Quantum Wealth” explained the implications of this approval for XRP futures trading on the crypto exchange.
Coinbase approving perpetual futures contracts for trading XRP means:1) XRP is very bullish. If XRP's price was not going to fluctuate or change a lot, no one would be interested in trading it. Futures contracts allow for maximum leverage and can lead to outsized profits (or…
— Linda P. Jones (@LindaPJones) October 18, 2023
According to Jones, there are three significant implications for this development, the first of which she argued would lead to a bullish season for XRP. Jones believes that if XRP’s price didn’t fluctuate or change significantly, no one would be interested in trading it. She exp…
The post Retail Perpetual Futures Trading Comes to Coinbase: Bullish for XRP? appeared first on Coin Edition.