Coinbase is rolling out a pair of moves aimed squarely at institutional traders and deeper liquidity for XRP futures.
Starting May 1, the exchange will introduce a Trade‑at‑Settlement (TAS) option for both nano and full‑sized XRP futures, according to crypto commentator BankXRP on X. TAS lets market participants execute block trades at the official settlement price rather than at prevailing intraday levels, which significantly reduces exposure to intraday volatility and slippage — a key consideration for large, regulated counterparties. XRP-focused commentator Chad called the feature “exactly how to make an asset more attractive to large players,” saying it should boost liquidity and institutional adoption.
Coinbase is also launching a market‑maker program on May 1 to further shore up order books for XRP and other crypto futures on its derivatives platform. The program is expected to incentivize liquidity providers and improve execution quality as TAS goes live.
The moves come amid broader signs of institutional interest in XRP. SoSoValue data shows XRP ETFs have attracted roughly $75 million in inflows this month and hold just over $1 billion in total net assets. Meanwhile, SoFi announced on X that it now supports XRP deposits alongside Bitcoin, Ethereum and Solana — a development Ripple called important for widening access and on‑ramping new users.
Ripple has also highlighted growing institutional demand since the launch of XRP ETFs last year, attributing part of that momentum to regulatory clarity after Judge Analisa Torres ruled in Ripple’s case against the SEC that XRP was not a security. Ripple says continued ETF inflows and increased activity on the XRP Ledger point to rising utility and potential further adoption once market conditions improve.
Market snapshot: XRP was trading around $1.42 at the time of writing, up on the day, according to CoinMarketCap.
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