Coinbase, the largest cryptocurrency trading company in the United States, is fully supporting XRP, highlighting its strength in On-Demand Liquidity (ODL). The usage of XRP is increasing among various sectors, which may lead to a rise in its value. Additionally, Coinbase has backed XRP, which is associated with Ripple, for use by financial institutions. Coinbase highlights that XRP’s On-Demand Liquidity (ODL) features attract interest from payment providers and financial institutions. Additionally, Coinbase intends to include XRP futures in its listings. WrathOfKahneman, a notable figure in the XRP community, highlighted Coinbase’s support for XRP, drawing the market’s focus to this endorsement. He revealed the endorsement by emphasizing particular elements in Coinbase’s submission to the US CFTC for self-certifying its XRP futures contracts listing. Coinbase filed for the XRP futures on April 3, 2025, announcing its intention to list on its derivatives trading platform later this month. Members of the XRP community expressed their support for the filing, viewing it as a significant step towards possibly launching XRP ETFs. While discussing Coinbase’s self-certified XRP futures contracts, WrathOfKahneman provided additional information regarding the details of the filing disclosure. The exchange recognized that the main applications of XRP focus on enabling international transactions via RippleNet and On-Demand Liquidity (ODL). They outlined ODL as a service that utilizes XRP for instant currency exchange. Coinbase highlighted that XRP appeals to financial institutions due to its utility in On-Demand Liquidity (ODL). Remittance services and payment providers looking for more efficient settlement options find XRP appealing because of its On-Demand Liquidity (ODL) features. Nonetheless, WrathOfKahneman raised doubts about whether Coinbase’s characterization of XRP’s usefulness is just a common saying or if the exchange possesses insider knowledge.
Coinbase Supports XRP for Financial Organizations Because of Its ODL Features
