XRP Futures Set to Launch on CME Next Month, Pending Regulatory Approval

CME Group plans to introduce futures contracts tied to cryptocurrency next month, pending regulatory clearance. The initiative marks another expansion in CME's push to offer regulated crypto derivatives, following its recent Solana futures debut.Ranked #4 with a market capitalization of $129 billion, the announcement is yet to boost the XRP price. At the time of publication, XRP changed hands for $2.21, representing a 6% jump in the past week. Targeting Regulated Derivatives"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. "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."Starting May 19, trade regulated, capital-efficient futures on XRP, available in larger- and micro-sized contracts, so you can scale your exposure with greater precision and flexibility. More on XRP futures ➡️ https://t.co/SzDtBmkG7r pic.twitter.com/BDJRzYSvTd— CME Group (@CMEGroup) April 24, 2025According to the announcement, the new XRP contracts will offer two sizing options, 2,500 XRP and 50,000 XRP, for both institutional and retail investors. Each contract will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, which captures a daily benchmark price at 4:00 p.m. London time.The addition of XRP futures followed rising volume across CME's crypto derivatives. In Q1, the company reported a 141% year-over-year increase in daily average trading volume for crypto futures, reaching $11.3 billion in notional terms.Institutional and Retail MomentumJB Mackenzie, VP and GM of Futures and International at Robinhood, confirmed that CME's XRP contracts will soon be accessible through Robinhood's mobile platform. "This is the next step in our mission to expand futures access for retail users," Mackenzie said, noting strong demand for diversified crypto trading options.This push coincides with increased capital flowing into XRP-related products. The Teucrium 2x Daily Long XRP ETF reportedly reached $35 million in assets under management within its first 10 trading days recently. Built to facilitate fast, low-cost cross-border transfers, XRP's practical use case appears to be drawing serious attention. The XRP Ledger's architecture enables real-world applications that are increasingly relevant in institutional finance. With its May 19 launch date approaching, CME Group is positioning XRP futures as the next major step in its cryptocurrency strategy, a calculated play to meet demand and offer sophisticated tools for a rapidly evolving market. This article was written by Jared Kirui at www.financemagnates.com.

Apr 24, 2025 - 17:05

XRP Futures Set to Launch on CME Next Month, Pending Regulatory Approval

CME Group plans to introduce futures contracts tied to cryptocurrency next month, pending regulatory clearance. The initiative marks another expansion in CME's push to offer regulated crypto derivatives, following its recent Solana futures debut.

Ranked #4 with a market capitalization of $129 billion, the announcement is yet to boost the XRP price. At the time of publication, XRP changed hands for $2.21, representing a 6% jump in the past week.

Targeting Regulated Derivatives

"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.

"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."

Starting May 19, trade regulated, capital-efficient futures on XRP, available in larger- and micro-sized contracts, so you can scale your exposure with greater precision and flexibility. More on XRP futures ➡️ https://t.co/SzDtBmkG7r pic.twitter.com/BDJRzYSvTd— CME Group (@CMEGroup) April 24, 2025

According to the announcement, the new XRP contracts will offer two sizing options, 2,500 XRP and 50,000 XRP, for both institutional and retail investors. Each contract will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, which captures a daily benchmark price at 4:00 p.m. London time.

The addition of XRP futures followed rising volume across CME's crypto derivatives. In Q1, the company reported a 141% year-over-year increase in daily average trading volume for crypto futures, reaching $11.3 billion in notional terms.

Institutional and Retail Momentum

JB Mackenzie, VP and GM of Futures and International at Robinhood, confirmed that CME's XRP contracts will soon be accessible through Robinhood's mobile platform. "This is the next step in our mission to expand futures access for retail users," Mackenzie said, noting strong demand for diversified crypto trading options.

This push coincides with increased capital flowing into XRP-related products. The Teucrium 2x Daily Long XRP ETF reportedly reached $35 million in assets under management within its first 10 trading days recently.

Built to facilitate fast, low-cost cross-border transfers, XRP's practical use case appears to be drawing serious attention. The XRP Ledger's architecture enables real-world applications that are increasingly relevant in institutional finance.

With its May 19 launch date approaching, CME Group is positioning XRP futures as the next major step in its cryptocurrency strategy, a calculated play to meet demand and offer sophisticated tools for a rapidly evolving market. This article was written by Jared Kirui at www.financemagnates.com.