CME Group has announced plans to launch XRP futures on May 19, pending regulatory review. The contracts will be available in two sizes: a micro contract representing 2,500 XRP and a larger contract sized at 50,000 XRP.
The futures will be cash-settled, priced against the CME CF XRP-Dollar Reference Rate, calculated daily at 4:00 p.m. London time. This move adds to CME Group’s existing crypto derivatives suite, which includes futures and options on Bitcoin, Ether, and Solana.
“Manage risks across a wider range of tokens”
Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, commented, “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. Interest in XRP and its underlying ledger (XRPL) 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.”
The launch follows a rise in trading activity on CME’s crypto derivatives. In the first quarter, average daily volume reached 198,000 contracts, equivalent to $11.3 billion in notional value, while average open interest stood at 251,000 contracts ($21.8 billion). Since March 17, more than 43,000 Solana (SOL) futures contracts have traded.
JB Mackenzie, VP and GM of Futures and International at Robinhood, 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. Soon, customers will be able to trade 40 futures products on Robinhood using our one-of-a-kind mobile trading ladder, giving them the speed and precision typically reserved for institutional traders.”
Sal Gilbertie, CEO of Teucrium, commented, “XRP was purpose-built for real financial use cases and today facilitates global value transfers through the fast, low-cost XRP Ledger. The Teucrium 2x Daily Long XRP ETF (XXRP), reached $35 million in AUM in its first 10 trading days, highlighting strong investor demand for regulated access to leading digital assets. The listing of regulated XRP futures by CME Group marks another milestone in the ecosystem’s evolution, and we intend to be active participants in supporting that growth.”
CME Group’s XRP futures offering is expected to further integrate XRP into institutional trading strategies, offering participants a new tool for risk management and exposure to digital asset markets.
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