Ripple CTO Clarifies Event Contracts Amid Coinbase Legal Challenges

2025-12-20 22:47

Ripple CTO David Schwartz has clarified the nature of event contracts, describing them as derivative instruments that rely on underlying events rather than the events themselves. This clarification comes in the wake of Coinbase facing lawsuits in multiple U.S. states concerning trading restrictions. Coinbase aims to introduce event contract trading across the nation in 2026 through its partnership with Kalshi. The introduction of these contracts could influence altcoin trading volumes as market dynamics shift with new product offerings.

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