HomeXRP NewsDerivatives Giant CME Group Set to Launch XRP Futures Next Month

Derivatives Giant CME Group Set to Launch XRP Futures Next Month

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CME Group XRP Futures

CME Group is set to introduce new futures contracts focused on the cryptocurrency XRP. This major derivatives marketplace has confirmed that it will offer two types of futures contracts: a micro-sized version worth 2,500 XRP and a larger variant priced at 50,000 XRP.

The official launch is planned for May 19th, though both contracts are currently awaiting regulatory approval.

Growing Demand for Digital Asset Products

Giovanni Vicioso, CME’s global head of crypto products, explained that the introduction of these contracts is in response to the increasing client interest in regulated digital asset products.

“Interest in XRP and its foundational ledger (XRPL) has been on the rise as more institutions and retail investors adopt the network. We are excited to launch these new futures contracts to offer capital-efficient tools that aid clients’ investment and hedging strategies.”

CME’s Expanding Cryptocurrency Offerings

Continuing its expansion in the crypto market, CME Group initially launched Bitcoin (BTC) futures in 2020, followed by Ethereum (ETH) futures in 2022. Recently, in March, they added Solana (SOL) futures contracts to their offerings. Additionally, their futures products became available on the Robinhood platform starting in January.

Current XRP Market Status

As of now, XRP is priced at $2.19. Despite a slight decline of over 1.5% in the last 24 hours, it has seen an increase of nearly 6% over the past week.

Related: $2.3 Trillion Liquidity Shock: Franklin Templeton Says XRP Is Next in Line for Massive Inflows

Quick Summary

CME Group is set to introduce new futures contracts focused on the cryptocurrency XRP. This major derivatives marketplace has confirmed that it will offer two types of futures contracts: a micro-sized version worth 2,500 XRP and a larger variant priced at 50,000 XRP.

Source

Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.

Author

Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.

Editorial Note

Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.

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