CME Group Announces Launch of XRP Futures
CME Group has introduced XRP futures with contract sizes of 2,500 and 50,000 XRP. This marks the fourth addition to the company’s crypto futures lineup.
The largest U.S. derivatives marketplace, CME Group, is set to launch XRP futures on May 19, pending approval from the Commodity Futures Trading Commission (CFTC).
Specifically, investors will have the choice to trade two contract sizes:
- Micro (2,500 XRP)Â
- Standard (50,000 XRP)
Both contracts will be cash-settled based on the CME CF XRP-Dollar Reference Rate.
Notably, the XRP contracts will be the fourth addition to CME’s crypto futures suite, following Bitcoin, Ethereum, and Solana. This expansion reflects growing institutional interest in altcoins amid improving regulatory conditions in the U.S.
Product Details
XRP futures will be cash-settled. The CME CF XRP-Dollar Reference Rate will fix the daily price of XRP at 4:00 p.m. London time, providing a standardized valuation and greater transparency for traders and hedge funds.
The micro contract will represent 2,500 XRP, while the standard contract will cover 50,000 XRP. Both products will be available on the CME Globex platform and will operate under CME exchange rules, ensuring secure clearing for all participants.
Related: CME Group Secures the No.1 Spot in Forbes’ Crypto Exchange Ranking
Context and Potential Impact
XRP ranks as the fourth-largest cryptocurrency by market capitalization, exceeding $128 billion at the time of writing. In March, the SEC and Ripple reached a settlement that reduced Ripple’s fine from $125 million to $50 million, removing a key point of uncertainty for investors.
As innovation in the digital asset landscape continues to evolve, market participants continue to look to regulated derivatives products to manage risks across a wider range of tokens,
said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. Â
Moreover, analysts at Kaiko point to a steady increase in XRP trading volumes on U.S. exchanges. Some experts consider XRP one of the strongest candidates for future U.S. spot ETF approval.
Read more: Ripple and SEC Enter 60-Day Legal Hiatus to Explore Settlement Options
Broker and Partner Plans
Brokerage platform Robinhood has confirmed plans to offer the new XRP futures to its clients.
Bringing CME Group XRP futures to Robinhood is a natural next step in our mission to expand retail access to futures trading,
said JB Mackenzie, Vice President and GM of Futures and International at Robinhood.
Meanwhile, Sal Gilbertie, CEO of investment firm Teucrium, highlighted growing demand for double-leveraged products based on XRP.
XRP was purpose-built for real financial use cases and today facilitates global value transfers through the fast, low-cost XRP Ledger,
he said.
Related: HashKey Launches Asia’s First XRP Tracker Fund in Collaboration with RippleÂ
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