Coinbase Activates Trade at Settlement for XRP Futures

Coinbase has taken another step towards increasing institutional adoption of XRP, by activating Trade at Settlement (TAS) functionality for XRP futures. This move makes XRP the first altcoin to receive this institutional block-trade execution mechanism, which is already available for Bitcoin, Ethereum, gold, and crude oil futures.

The TAS activation is part of a broader institutional build-out for XRP that has accelerated since its classification as a digital commodity by the SEC and CFTC in March 2026. This move is expected to reduce execution costs and position-sizing uncertainty at volume, which could lead to increased adoption among large institutional participants.

The activation of TAS for XRP futures also coincides with the launch of a Coinbase market maker program designed to improve order book depth for XRP and other crypto futures on the exchange. This move is expected to further increase liquidity and accessibility for institutional investors.