After a gradual Ripple (XRP) reserves cut, Coinbase, the largest American crypto platform, is going to expand their reach in the Perpetuals markets with 4 new altcoins, including a fresh XRP rival. A week ago, digital asset reserves of XRP fell by 93.3%, as the OG altcoin’s trading on Coinbase Futures netted just above $100 million on a daily basis.
Plasma (XPL) Takes XRP’s Spot On Coinbase Futures
Namely, these new altcoins include Lombard (BARD), Kamino Finance (KMNO), Anoma (XAN) & Plasma (XPL). The company announced this yesterday on their Coinbase Markets branch on X, highlighting that all Perpetual Future listings will go live on or after 9:30AM UTC, given that the liquidity conditions are met.
Upon the news, Ripple’s (XRP) competitor Plasma (XPL) tacked on to a 17.25% bull rally from the cycle low of $0.835, hit yesterday. So far, XPL’s price topped at $1.693, gaining this level a few days into launch in late September, 2025. The altcoin started publicly trading from as little as $0.10 & now has claimed the 71st position by market cap at $1.754 billion, says SoSoValue.
Trading at $0.98, XPL is capped at 10 billion, which makes it considerably scarcer than Ripple (XRP). Meanwhile, the freshman altcoin’s $2.66 billion in 24-hour trading volume on Thursday tells a tale of high-trading activity on Spot markets, putting XPL in today’s TOP 10 by this metric.
Timing Plasma’s (XPL) listing with the beginning of ‘Uptober’, a historically ultra-bullish month in the world of crypto currencies, Coinbase aims to capture a portion of the skyrising Perpetuals market, currently mostly lead by DeFi crypto exchanges like Aster & HyperLiquid.
With XPL’s high popularity on Spot, Coinbase likely expects similar figures on Perpetuals Futures markets, as Binance & OKX is already garnering $3.23 billion in leverage trading volume on Plasma (XPL), judging from the real-time data by CoinGlass.
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People Also Ask:
Coinbase now offers futures trading for Plasma (XPL), a Ripple rival, starting October 1, 2025, letting you speculate on its price without owning the token.
Plasma, a stablecoin-focused blockchain, competes with XRP by offering faster, cheaper cross-border transactions, gaining traction amid XRP’s reserve shortages.
XRP’s liquidity tightens due to regulatory pressures and high demand, reducing available reserves on exchanges, impacting trading and price stability.
Yes, head to Coinbase’s futures platform to trade XPL contracts, but check eligibility and ensure you understand the risks of futures trading.
XPL’s futures debut could pull investor interest from XRP, especially as Plasma’s stablecoin model sidesteps some of Ripple’s regulatory woes.
