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Will Ripple (XRP) Become the Next Crypto Futures Market?




When Bitcoin Futures contract was first introduced during the close of 2017, it immediately made headlines. However, unlike Bitcoin futures contracts, which have attracted thousands of traders after the release, XRP futures contracts did not enjoy the same fate. Ripple futures contracts, which have been active for almost 18 months now, hardly made any impact on the market. In fact, if you look at the prices, it has been on a downward trend for the most part of 2018.

The first XRP derivatives were introduced by Crypto Facilities, a London based startup, in October 2016. Although the CEO of the company, Timo Schlaefer, has been silent on the matter, he anticipates that there will be widespread adoption of XRP futures in the coming months. “We’re in the process of working with some of the large market makers to draw that further”, Schlaefer affirmed.

With Ripple announcing a partnership with Crypto Facilities, Bitcoin was lagging far behind when it comes to getting its first CFTC regulated Bitcoin derivatives. By the time Bitcoin futures contracts were adopted by the Chicago based commodities companies CBOE and CME Group, Crypto Facilities’ XRP futures contracts were already trading $14.2 million in volume a month. When Cboe’s Bitcoin futures contract expired in January, the Crypto Facilities’ XRP futures had crossed $24.6 million.

Apparently, apart from a few internal investors, not many people knew about the Company’s XRP trading. But it has come a long way from its dark days; “The liquidity has been growing quite a lot”, reported Schlaefer.

Price Movements of Ripple (XRP) Futures

Schlaefer refused to comment on the biggies the company is working with, but his report to CoinDesk offers a crisp insight into the market shift. When closely observed, the data mirrors XRP’s price movements to a great extent. To begin with, the volumes of XRP futures, which have been introduced in October 2016, were on the downtrend until March 2017. However, the XRP futures volume increased exponentially in the following months. During this time, the value of XRP also hiked from $0.03 in April to $0.34 in May. A similar case was observed in January as well when the trading volume touched $24.6 million.

XRP futures, which have been concealed from media’s attention, for the most part, the last year, are indicating positive movements within the market. If you analyze the market trends, it is evident that the trading volume has gone up substantially after the release of Bitcoin futures. With XRP making its way into the mainstream market, it’s expected that the trading volumes will climb higher.

LedgerX and Ripple (XRP) Futures

The CEO of LedgerX, the CFTC-regulated Bitcoin derivatives provider, revealed his company’s plan of exploring XRP futures. It launched its first regulated Bitcoin derivatives last year, and so far traded $100 million in volume.  Paul Chou, the CEO, however, pointed out the limitations that can slow down its appropriation. He said, “Physical settlement avoids those issues because you are not beholden to some abstract price that might or might not be manipulated. You either want the crypto, or you don’t.”

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of David Pape via Flickr


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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