Coinbase has expanded the support of Solana tokens and launched futures on XRP

• Coinbase has added to support the restoration of SPL tokens on Solana.
• The exchange also launched futures contracts on XRP.

Coinbase expanded the functionality of its tool for Restoration of lost assets by adding support for SPL tokens on Solana. This is stated in the company’s statement of April 21.

Users can now restore certain unsupported tokens, mistakenly sent to their Coinbase accounts without contacting support. The feature is already working for Ethereum, Polygon and Bnb Chain. At the same time, the company stressed that not all SPL tokens are to be restored – for this purpose, users should check the assets compatibility.

Coinbase noted that the restored tokens did not undergo listing and clients should evaluate their safety independently. A 5% of the amount exceeding $ 100 is charged for the restoration of assets over $ 100, plus network fees.

This step is aimed at minimizing user losses due to false transactions that have remained an unresolved problem in the industry for a long time. The company does not exclude the extension of the service to other networks, but does not specify the time limits.

In addition, Coinbase Derivatives announced the launch of two new futures contracts on XRP. The standard contract covers 10,000 xrp, while Nano XRP is 500 XRP, both are calculated in US dollars. Products are focused accordingly to large institutions and retailers.

Launching futures on XRP occurred against the background of the completion of the SEC law against Ripple. Earlier, the commission withdrew the appeal in the company. According to Coingcko, at the time of publication Xrp was traded at $ 2.1.

Recall that at the beginning of April, the Coinbase shares have fallen in price by 35% since the beginning of the year.

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