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Coinbase Adds Trade at Settlement for XRP Futures

Starting May 1, 2026, Coinbase placed XRP futures into a trading structure also used for Bitcoin, Ethereum, gold, and crude oil.

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Summary

Coinbase introduced Trade at Settlement (TAS) for XRP futures on May 1, 2026, extending to XRP an institutional-style trading framework already used for Bitcoin, Ethereum, gold, and crude oil. The rollout covers two TAS-enabled contracts: nano XRP and standard XRP. TAS is commonly used in futures markets to let participants transact at or near an instrument’s settlement price, which can help with execution around benchmark pricing and end-of-session positioning.

Terms & Concepts
  • Trade at Settlement (TAS): A futures trading mechanism that allows orders to be executed at or near the official settlement price, often used by institutional participants managing benchmark-based trades.
  • XRP futures: Derivatives contracts tied to the price of XRP, allowing market participants to gain exposure without directly holding the token.
  • Nano contract: A smaller-sized futures contract designed to offer more granular position sizing than a standard contract.