CME Group Announces XRP Futures Launch

In a groundbreaking move, CME Group revealed its plans to introduce XRP futures on May 19, subject to regulatory approval. This initiative marks a significant step in expanding access to regulated crypto derivatives.

Contract Details and Market Impact

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

Expert Insight on the Launch

"The growing interest in XRP and its underlying ledger, XRPL, among both institutional and retail investors, has been undeniable. We are excited to offer these new futures contracts as a capital-efficient toolset to support our clients' diverse investment and hedging strategies," stated Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group.