Coinbase’s move to add Trade at Settlement functionality for XRP futures marks another step in the exchange’s push to make the token more usable for large-scale institutional trading. According to the reporting syndicated by several crypto outlets, the feature lets traders execute block orders at the official 4pm settlement price rather than taking fills throughout the session, a structure designed to reduce the drag of intraday volatility.

The timing appears deliberate. KuCoin’s news desk said the XRP TAS feature became effective on 1 May 2026, while other market reports noted Coinbase had planned the rollout for the same date. In practice, that places XRP alongside long-established futures markets in which settlement-price execution is used to help professional traders manage execution risk more cleanly.

For institutions, the appeal is straightforward: less price slippage, more predictable order handling and a clearer route for large positions. Market commentary from MEXC and Coinpaper suggested the change could broaden XRP’s appeal among funds and other professional participants, especially those that favour block trading and tighter risk controls. Whether that translates into materially deeper liquidity will depend on how quickly market makers and asset managers adopt the new workflow.

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Source: Noah Wire Services