XRP gains institutional-grade settlement access as Coinbase activates TAS for XRP futures
Coinbase activated Trade at Settlement (TAS) for $XRP futures on May 1, making XRP the first altcoin to offer an institutional settlement tool widely used in major futures markets. The rollout places $XRP alongside Bitcoin, Ethereum, gold, and crude oil futures in supporting TAS execution.
TAS allows institutions to execute block orders at the 4 PM settlement price rather than trading through live intraday markets, reducing friction for high-volume execution. Coinbase also launched a separate market maker program the same day aimed at improving depth and liquidity in the $XRP order book.
With the trading infrastructure now in place, attention shifts to whether institutional capital follows through.