CME Group has introduced plans to launch XRP futures, with the derivatives market eyeing a debut date of May 19, 2025.
In an announcement, the CME Group stated the revealing of XRP (XRP) futures, set to supply entry to each micro and larger-sized contracts, awaits regulatory overview.
As soon as reside, the brand new merchandise will permit buyers to commerce micro-sized contracts of two,500 XRP or larger-sized contracts of fifty,000 XRP.
CME’s announcement comes lower than two months after the corporate launced SOL futures. Having additionally pioneered with Bitcoin (BTC) and Ethereum (ETH) futures, CME just lately revealed plans to unveil spot-quoted futures for BTC and ETH. The corporate additionally disclosed its upcoming providing of high fairness 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, international head of cryptocurrency merchandise at CME Group, stated.
CME says the upcoming XRP futures will probably be cash-settled, utilizing the CME CF XRP-Greenback Reference Charge. This worth reference will probably be calculated day by day and can settle at 4:00 p.m. London time. Robinhood, the favored buying and selling app, can even help CME’s XRP futures. The corporate’s vp and normal supervisor, 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 increase its futures providing to greater than 40 merchandise.
