CME Group, which operates the largest derivatives exchange in the United States, announced on the 24th that it plans to launch XRP futures trading on May 19. This start date is contingent upon regulatory review, and if approved, it will become the fourth cryptocurrency futures merchandise offered by the company, following Bitcoin, Ethereum, and Solana. The company will offer both small contract sizes (2,500 XRP) and large contract sizes (50,000 XRP), both of which will be cash-settled and will use the CME CF XRP-USD reference rate, calculated once daily at 4 PM Eastern Time.
Giovanni Bisiozo, the Global Head of Cryptocurrency Merchandise at CME Group, stated, “As the innovation of digital assets continues to evolve, market participants are increasingly seeking regulated derivative products for risk management across a broader range of tokens.” He further added, “Interest in XRP and its underlying XRP Ledger (XRPL) has been steadily increasing alongside the growth of network adoption by institutional and retail investors, and we are pleased to be able to launch these new futures contracts to provide a capital-efficient toolkit to support customers’ investment and hedging strategies.”
This movement was announced shortly after the CME Group listed Solana futures, indicating that the company’s interest in cryptocurrencies is growing amid changes in the regulatory environment in the United States. Under the direction of President Trump, it is reported that the CFTC and the Securities and Exchange Commission (SEC) regulators are taking a less restrictive approach to overseeing the blockchain industry.
Brad Garlinghouse, the CEO of Ripple, commented on this announcement, stating, “Although we were behind in various aspects, this is an incredibly important and exciting step in the continued growth of the XRP market.” Some analysts expect that the SEC’s withdrawal of the lawsuit against Ripple will accelerate the adoption of XRP. For instance, earlier this month, analysts from the research firm Kaiko pointed out that XRP is more likely to receive approval for a spot ETF in the U.S. than other tokens.
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CME in the US will start offering XRP Futures Trading on May 19.
CME Group, which operates the largest derivatives exchange in the United States, announced on the 24th that it plans to launch XRP futures trading on May 19. This start date is contingent upon regulatory review, and if approved, it will become the fourth cryptocurrency futures merchandise offered by the company, following Bitcoin, Ethereum, and Solana. The company will offer both small contract sizes (2,500 XRP) and large contract sizes (50,000 XRP), both of which will be cash-settled and will use the CME CF XRP-USD reference rate, calculated once daily at 4 PM Eastern Time.
Giovanni Bisiozo, the Global Head of Cryptocurrency Merchandise at CME Group, stated, “As the innovation of digital assets continues to evolve, market participants are increasingly seeking regulated derivative products for risk management across a broader range of tokens.” He further added, “Interest in XRP and its underlying XRP Ledger (XRPL) has been steadily increasing alongside the growth of network adoption by institutional and retail investors, and we are pleased to be able to launch these new futures contracts to provide a capital-efficient toolkit to support customers’ investment and hedging strategies.”
This movement was announced shortly after the CME Group listed Solana futures, indicating that the company’s interest in cryptocurrencies is growing amid changes in the regulatory environment in the United States. Under the direction of President Trump, it is reported that the CFTC and the Securities and Exchange Commission (SEC) regulators are taking a less restrictive approach to overseeing the blockchain industry.
Brad Garlinghouse, the CEO of Ripple, commented on this announcement, stating, “Although we were behind in various aspects, this is an incredibly important and exciting step in the continued growth of the XRP market.” Some analysts expect that the SEC’s withdrawal of the lawsuit against Ripple will accelerate the adoption of XRP. For instance, earlier this month, analysts from the research firm Kaiko pointed out that XRP is more likely to receive approval for a spot ETF in the U.S. than other tokens.