crypto.news
2025-04-24 15:09:08

CME Group plans to launch XRP futures on May 19

CME Group has announced plans to launch XRP futures, with the derivatives marketplace eyeing a debut date of May 19, 2025. In an announcement , the CME Group said the unveiling of XRP ( XRP ) futures, set to offer access to both micro and larger-sized contracts, awaits regulatory review. Once live, the new products will allow investors to trade micro-sized contracts of 2,500 XRP or larger-sized contracts of 50,000 XRP. CME ’s announcement comes less than two months after the company launced SOL futures. Having also pioneered with Bitcoin ( BTC ) and Ethereum ( ETH ) futures, CME recently revealed plans to unveil spot-quoted futures for BTC and ETH. The company also disclosed its upcoming offering of top equity indices, with these set for June 30, 2025. “Interest in XRP and its underlying ledger has steadily increased as institutional and retail adoption for the network grows, and we are pleased to launch these new futures contracts to provide a capital-efficient toolset to support clients’ investment and hedging strategies,” Giovanni Vicioso, global head of cryptocurrency products at CME Group, said. You might also like: Can XRP price realistically jump to $1,000 as a pundit predicts? CME says the upcoming XRP futures will be cash-settled, using the CME CF XRP-Dollar Reference Rate. This price reference will be calculated daily and will settle at 4:00 p.m. London time. Robinhood, the popular trading app, will also support CME’s XRP futures. The company’s vice president and general manager, JB Mackenzie, commented: “Bringing CME Group XRP futures to Robinhood is a natural next step in our mission to expand retail access to futures trading. Our customers have shown a deep interest in digital assets, and they will soon be able to access an even wider variety of crypto futures to complement Robinhood’s existing spot crypto offerings.” Robinood plans to expand its futures offering to more than 40 products. Read more: Bitcoin futures saw the largest liquidity increase in the past year with $5.34b in positions

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