CME Group announced plans to launch XRP futures on May 19, pending regulatory review. Market participants will have the choice to trade both a micro-sized contract (2,500 XRP) and a larger-sized contract (50,000 XRP). This expansion responds to increasing client demand for regulated derivatives products to manage risks across a wider range of tokens.
Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, noted that interest in XRP and its underlying ledger (XRPL) has steadily increased as institutional and retail adoption for the network grows. These new futures contracts will provide a capital-efficient toolset to support clients' investment and hedging strategies. The launch is a natural next step in expanding retail access to futures trading on platforms like Robinhood.
CME Group XRP futures will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, calculated daily at 4:00 p.m. London time. These futures will join the company's crypto product suite that includes Bitcoin and Ether futures and options, as well as recently launched SOL futures. This initiative further solidifies CME Group's leadership in offering institutional-grade crypto derivatives.
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