Overview
- Coinbase filed with the CFTC to enable Trade at Settlement for XRP futures starting May 1, and the rollout remains subject to regulatory review.
- Trade at Settlement lets institutions execute big block orders at the official closing price, which helps cut slippage and intraday market risk.
- The feature will cover both nano and full-sized XRP futures on Coinbase Derivatives, with the exchange’s market oversight team monitoring activity under CFTC rules.
- Reporting indicates a market‑maker program is planned to begin May 1 to deepen liquidity, though Coinbase has not disclosed participating counterparties.
- XRP’s institutional backdrop shows growing interest, with steady ETF inflows, a Coinbase–EY Parthenon survey pointing to higher planned allocations, and SoFi now supporting XRP deposits.