CME Group Announces XRP Futures Launch

In a significant move for the cryptocurrency market, CME Group revealed plans to introduce XRP futures by May 19, subject to regulatory green lights. This initiative marks a pivotal step in broadening the scope of regulated crypto derivatives.

Contract Details and Market Impact

The futures contracts will be available in two distinct sizes, catering to a wide range of investors: 2,500 and 50,000 XRP. These products are designed to be cash-settled, utilizing the CME CF XRP-Dollar Reference Rate, with daily calculations at 4:00 pm London time.

Driving Institutional and Retail Adoption

Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, highlighted the growing interest in XRP and its underlying ledger, XRPL. "The launch of these futures contracts is a testament to the expanding adoption of the network, offering clients a capital-efficient toolkit for investment and hedging," Vicioso stated.