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{"draftText":"Coinbase has filed with the Commodity Futures Trading Commission to activate Trade at Settlement functionality for its XRP futures contracts starting May 1, covering both nano XRP and full-sized products.\n\nTrade at Settlement, or TAS, is a standard mechanism in traditional commodity futures markets that allows institutional block traders to execute large orders at the official daily settlement price, removing the need to navigate live intraday price swings.\n\nThe move places $XRP on the same footing as $BTC, $ETH, gold and crude oil on Coinbase Derivatives — asset classes that already carry TAS functionality on the platform.\n\nThe filing follows a notable shift in the regulatory backdrop for XRP. The token was classified as a digital commodity in March under a joint SEC-CFTC framework, a designation that has helped clear the path for derivatives products of this kind. Ripple CEO Brad Garlinghouse has also joined the CFTC's Innovation Advisory Committee, signalling closer ties between the company and federal regulators.\n\nFor institutional traders, TAS access on XRP futures reduces execution risk on large positions and brings the token in line with how other major commodities are traded on regulated venues.","slug":"coinbase-xrp-futures-trade-settlement"}

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