CME Group to Introduce XRP Futures

In a groundbreaking move, CME Group revealed its plans to launch XRP futures on May 19, subject to regulatory approval. This initiative marks a significant step forward in the expansion of regulated crypto derivatives.

Contract Details and Settlement

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, based on the CME CF XRP-Dollar Reference Rate, with calculations made daily at 4:00 pm, London time.

Growing Interest in XRP

"The increasing interest in XRP and its underlying ledger, XRPL, reflects the growing adoption by both institutional and retail investors. We are excited to offer these new futures contracts as a capital-efficient tool for our clients' investment and hedging strategies," stated Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group.