Coinbase is rolling out a new tool for XRP futures as part of a broader push to lure institutional traders and deepen liquidity on its derivatives platform.
What’s coming
- On May 1 Coinbase will introduce a Trade at Settlement (TAS) option for XRP futures, according to crypto commentator BankXRP on X. TAS lets institutional traders execute block trades at the official settlement price, cutting exposure to intraday swings and reducing execution risk.
- The TAS functionality will be available for both nano and full-sized XRP futures.
Liquidity boost measures
- The TAS rollout coincides with a new market-maker program that also goes into effect on May 1, aimed at improving order-book depth across XRP futures and other crypto contracts on Coinbase. The exchange expects the combined measures to reduce slippage and make large trades easier for institutional participants.
Market reaction and commentary
- XRP observers welcomed the move. Pundit Chad said TAS is exactly the kind of feature that attracts big players, arguing it lowers slippage and intraday risk for block trades and is bullish for deeper liquidity and institutional adoption.
Macro context for XRP
- The push to court institutions comes as XRP-related products continue to draw interest. SoSoValue data shows XRP ETFs have seen roughly $75 million of inflows this month and hold just over $1 billion in total net assets.
- Financial platform SoFi announced on X that it now supports XRP deposits alongside Bitcoin, Ethereum and Solana — a development Ripple called significant for wider access and utility growth.
Regulatory backdrop and demand
- Ripple has pointed to growing institutional demand since the launch of XRP ETFs, attributing momentum in part to regulatory clarity following Judge Analisa Torres’s ruling in the Ripple v. SEC case that XRP is not a security. Ripple also noted that steady ETF inflows and rising activity on the XRP Ledger support expectations for broader adoption, particularly if market conditions turn bullish.
Price snapshot
- At the time of writing, XRP trades around $1.42, up over the past 24 hours, per CoinMarketCap.
Bottom line
Coinbase’s TAS and market-maker program aim to make XRP futures more tradeable for institutional desks, dovetailing with growing ETF inflows and wider platform support — moves that could accelerate institutional participation in the XRP market.
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