Something that got missed in the noise last week: Coinbase got approved to offer true global crypto perps in the US. This took many years of work, and we're the first to offer this global liquidity to US users.
Backstory: For many years crypto trading has been moving offshore because the US didn't have clear rules, and perpetual futures were a superior product that traders wanted but it wasn't allowed in the US.
If we're being honest, probably ~half of all perpetual futures volume was Americans using offshore products via VPN with loose KYC controls (an open secret in the industry). Penalties for this were rarely, if ever, enforced, which as you can imagine, was frustrating for us as an American company following the rules. Others set up offshore entities and found ways around it.
After dozens of personal visits to DC, and many more from our policy team, I'm really proud we finally got approval to give US users access to true, global perpetual futures. This is important because we'll now see pooled global liquidity in perpetual futures, with the US and international markets being connected instead of fragmented.
Coinbase is strongest in the US, and the US is the largest market for trading, so there is now a chance to build a global network effect around liquidity. And US traders can now use these products in a compliant way with a US company, which hopefully provides greater customer protection.
Major credit to Chair Selig and Atkins on recognizing the importance of this for US capital markets. And we will keep working to update the system in a compliant way, and to be the best place you can trade.
INSIGHT: @Ripple launches a developer toolkit for building agentic payment apps on the XRP Ledger, with support for autonomous AI transactions using $XRP and $RLUSD.
The Breathtaking Part is Simple
DTCC is securities plumbing.
ISDA is derivatives plumbing.
SWIFT/FedNow/ISO 20022 are messaging and payment-modernization plumbing.
NYDFS/OCC/SEC/CFTC are supervisory plumbing.
BlackRock, JPMorgan, Goldman, BNY, CME, SBI, Santander, Bank of America, AmEx, NYSE/Nasdaq are institutional demand, market access, custody, clearing, liquidity, and distribution plumbing.
Ripple is visibly aligned with the direction of every one of those rooms: regulated tokenized value, compliant liquidity, real-time settlement, digital custody, stablecoin collateral, institutional access, and cross-border interoperability.
1 Crypto talks about price.
2 Banks talk about risk.
3 Markets talk about settlement.
4 Regulators talk about control.
5 Corporations talk about liquidity.
Ripple built where all five conversations meet.
That is why the Ripple stack is without compare.
And not because XRP is loud.
Because the plumbing is quiet.
The signal is not hype.
The signal is convergence.
Ripple is not trying to replace the financial system with a slogan.
It is positioning to upgrade the systemβs movement layer.
In global finance, the winner is rarely the loudest coin.
It is the rail no one can afford to ignore.
@Ripple@XRPLF@USTreasury@ISDA@The_DTCC@CMEGroup@Interledger@BlackRock
A rocket company is sitting on 18,712 bitcoin it has never touched.
SpaceX bought it for $661M in 2021, around $35,300 a coin. Not a single coin sold in five years, through a 70% crash and a full recovery.
Friday it goes public in the biggest IPO ever. The bitcoin stays.
Revealing Why I Am BUYING $XRP Right Now
In this video I also break down why I think XRP price action has been SO bad, and why we are STUCK at $1
https://t.co/V0JUpkE3xD
π¨π³ A CHINESE COURT JUST DECLARED #BITCOIN AS "LEGAL PROPERTY" π
First they ignore you, then they laugh at you, then they fight you, then you win. β
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@TheCryptoMann1 looks into price, some opportunities and what the on chain data is telling us.
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