Thanks to Ripples Odl-Service, XRP is regaining attraction at institutions
- According to Coinbase, Ripples Odl (On Demand Liquidity) is the key to listing XRP termontics.
- These contracts promote institutional acceptance and clear the way for ETF projects that can be applied for in the US stock exchange supervision CFTC.
The function of XRP as a bridge currency for cross -border payments is regained attention after Coinbase’s request. In the document that was submitted to support the self-certification of XRP Futures contracts, the stock exchange emphasized the benefits of XRP for the ODL as the main reason for its importance for financial institutions.
In the crypto community, the application triggered discussions about the developing applications of the assets and the possible effects on a wider market acceptance.
On April 3, 2025, Coinbase was enough Application at the CFTC to write down XRP futures on its derivative platform-CNF reported. In its application, XRP describes the stock exchange as a digital asset that enables cross -border handling via Ripplenet and ODL.
Coinbase explained that ODL enables currency conversion in real time by using XRP as a bridge between Fiat currencies. According to the application, this function reduces processing times and transaction costs, which makes it attractive to companies that regularly process international payments.
Coinbase noted that payment providers and transfer services benefit from these skills, especially in markets in which traditional systems are expensive and often slow.
Wrathofkahneman, a member of the XRP community, was one of the first to point out the detailed description of the use of the assets by Coinbase. He made the application available and asked if the language used was the result of company-internal research or docket search. He pointed out that Ripple appeals to financial institutions, and he considered it appropriate to learn more about how XRP should be positioned in future institutional products.
In the Weeds: So the Coinbase #XRP futures filing, which Brad also R/T’d, is interesting in its disclosures.
> Coinbase claims XRP in ODL’s utility "has made XRP particularly atractive to FI’s, payment providers and corporate payments. Boiler plate or do they know something?
>… pic.twitter.com/woAvyQLZVW— WrathofKahneman (@WKahneman) April 8, 2025
Implications of the listing
The market could develop with XRP futures. If the CFTC agrees to the project, the contracts will be introduced from April 21 at the derivative market of Coinbase. Many see this as preparation for a stronger institutionalization of the asset, since the demand for regulated crypto products increases.
Some members of the XRP community have proposed that the introduction of futures could lay the foundation for future spot ETFs that are bound to the asset. There is no official evidence that such products are in development, but the introduction of futures contracts is a prerequisite for the approval of spot ETFs according to the current regulatory standards.
At the same time, Coinbase’s decision to emphasize the special benefit of XRP in its CFTC application could strengthen the argument for its acceptance. The stock exchange also underlines the rationality of its customers and does not represent the XRP token as a means of achieving speculative gains, but as a possibility of optimizing financial processes.
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