Coinspeaker
CME Group to Launch XRP ($2.20) Futures in May

Global leading derivatives marketplace CME Group has confirmed adding XRP futures to its list of cryptocurrency derivatives products.

The launch is planned for May 19, pending the green light from regulators. This recent development is part of the firm’s continued effort to meet growing demand from investors looking for alternatives in the digital asset market.

Details on the New XRP Futures Contracts

According to CME Group, the XRP futures will be available in two contract sizes. As detailed, one will cover 2,500 XRP while the other will be much larger, representing 50,000 XRP.

It is worth mentioning that both contracts will be cash-settled. Pricing will be based on the CME CF XRP-Dollar reference rate, a daily benchmark calculated at 4:00 p.m. London time.

This rate reflects the value of XRP in U.S. dollars and is used to provide a consistent and fair settlement process. This addition will expand CME Group’s existing digital asset offerings.

CME Group today announced plans to launch XRP futures on May 19, pending regulatory review. Market participants will have the choice to trade both a micro-sized contract (2,500 XRP...