JackTheRippler (@RippleXrpie), a prominent crypto influencer on X, drew attention to a recent statement by Coinbase suggesting that the digital assets utility in Ripple’s On-demand Utility (ODL) services makes it attractive to institutional investors. Coinbase made a notable case for the utility of XRP in global finance in its recent filing with the U.S. Commodity Futures Trading Commission (CFTC). The document is part of Coinbase’s request to self-certify the listing of XRP futures contracts on its derivatives trading platform, with the launch scheduled for April 21. BREAKING: Coinbase Says #XRP Utility in ODL Makes It Attractive to Financial Institutions! pic.twitter.com/ZnX4jeAnUk — JackTheRippler © (@RippleXrpie) April 10, 2025 XRP’s Role in Financial Efficiency As part of its filing, Coinbase described XRP as a digital asset that serves a distinct purpose in streamlining international transactions. The exchange referenced the asset’s integration into Ripple’s enterprise-level payment systems. According to the filing, XRP’s use as a bridge currency within ODL enables real-time foreign exchange settlement, reducing transaction fees and processing times for cross-border remittances and corporate transfers. Experts believe XRP’s utility makes it a safe haven . Coinbase suggests that these advantages position the asset as a viable solution for financial institutions, payment processors, and remittance platforms looking to optimize settlement mechanisms. The company emphasized that these qualities have made XRP appealing to industry players seeking faster and more cost-effective alternatives to traditional banking rails. The statements suggest that Coinbase views XRP not just as a speculative instrument but as a utility-driven asset with meaningful applications in global finance. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Concerns Over Coinbase Terminology Prominent figures in the XRP community quickly responded to the details within Coinbase’s filing. WrathofKahneman (@WKahneman), a well-known community member, drew attention to the specifics of Coinbase’s language. Specifically, WrathofKahneman pointed out that Ripple had already moved away from branding its services under the “ODL” name as of 2023, having replaced it with what is now known as its Crypto Liquidity solution. While ODL is still commonly used, the filing’s continued reference to the term led some observers to speculate whether the exchange has direct insight into Ripple’s operations or if it relied on legacy information. The Future is Bright for XRP Despite the language, the filing itself is a step toward launching XRP futures trading on Coinbase’s derivatives arm, a development that many within the crypto sector see as a milestone. If approved, it would mark a significant return of XRP-related derivatives to U.S.-regulated platforms. Moreover, some within the community view this as a potential precursor to the eventual approval of XRP spot exchange-traded funds (ETFs), which would significantly expand investor access to the asset. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Coinbase Reveals Why XRP Is Attractive to Financial Institutions appeared first on Times Tabloid .
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