Particle.news
Download on the App Store
6 ARTICLES
·
last wk.

CME Group Announces Pending Launch of XRP Futures in May

The derivatives marketplace plans to expand its cryptocurrency offerings with cash-settled XRP futures, pending regulatory approval.

CME Group Inc logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
Image

Overview

  • CME Group has announced plans to launch cash-settled XRP futures on May 19, subject to regulatory approval.
  • The new contracts will be available in two sizes: 2,500 XRP and 50,000 XRP, and will be based on the CME CF XRP-Dollar Reference Rate.
  • This launch follows CME’s recent introduction of Solana futures in March, further diversifying its crypto derivatives suite.
  • XRP is currently the fourth-largest cryptocurrency by market capitalization, bolstered by Ripple Labs' recent settlement with the SEC.
  • The move reflects growing institutional and retail interest in altcoins and the maturation of digital asset markets.