The derivative unit of the popular Coinbase crypto-tank has announced plans for launching nano-fictions for two popular altcoin: XRP and SOLANA.
The official resources of the trading platform say that the products will present users on August 18, 2025.
Coinbase Derivatives introduced new products: nano-fuses on XPR and nano-Fenerations on Solar. This is how they will work.
What is nano-fuses
Nano-fuses are monetary futures in US dollars. The tool uses the mechanism of periodic mutual charges between customers and sellers so that the price of the futures remains close to the spare. These are long -term contracts with a pre -fixed time expiration.
How nano-features differ from ordinary fuses
Nano -Futures are a simplified version of ordinary futures. They are distinguished by a small amount of the contract, the low cost of the minimum price change. And the entrance is cheaper and easier to manage risk.
How will nano-Futures work on XRP and SOLANA
- Cash settlement. Sol or XRP are not delivered under contracts. When closing the position or in the date of expiration, the clergy accrues or write off the difference in dollars. This approach removes operating risks of storage and transfer of tokens.
- Immortal mechanics through the funding rate. If the futures are traded above the spot, long positions are periodically paid short; If below, the short ones are paid long. Such payments adjust the imbalance and tighten the price of futures to a spotal index.
- Index binding. The calculation is on the indexes of the Provider MVIS: for SOL – CSOLBR, for XRP – CXBR.
- Trade and listing. Trading from Friday 18:00 to Friday 17:00 east of the United States, with an hour’s break on Fridays. At any time, only one five -year contract is active. From the first trading day of the month of expiration, the next series is automatically added. The last day of trade is 16:00 in London time on the third Friday of the month (if this is a weekend, then the previous working day is taken into account).
Differences
- Contract size. SLP has a size – 5 SOL; XPP has 500 XRP.
- Minimum price step. SLP has a minimum step – $ 0.01 per SOL; XPP has $ 0.0001 per XRP. Given the size of the contracts, the cost of one step for both is the same – $ 0.05 per contract.
- Limits on positions. For SLP limit – 340,000 contracts; For XPP – 700,000. A higher XPP limit reflects the smaller face value of one XRP coin compared to SOL.
In the comments to the post with the instrument announcement, users suggested that its launch can positively affect the course of both altcoins.
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Source: Cryptocurrency
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