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Key Takeaways
CME Group plans to debut XRP (
$1.49 ) futures on May 19, pending regulatory review.
The futures will be cash-settled and expand CME’s crypto product offerings alongside Bitcoin (
$77,759.00 ) and Ether futures.
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CME Group announced today it will launch XRP ( $1.49 ) futures on May 19, pending regulatory review. The derivatives marketplace will offer both micro-sized contracts of 2,500 XRP ( $1.49 ) and larger-sized contracts of 50,000 XRP ( $1.49 ) .
The announcement appears to corroborate a prior leak from the exchange’s staging website, which mentioned a February 10 launch for XRP ( $1.49 ) and Solana futures. CME later clarified that the information was incorrect and that no formal plans had been confirmed.
The new futures contracts will be cash-settled based on the CME CF XRP ( $1.49 ) -Dollar Reference Rate, calculated daily at 4:00 p.m. London time.
“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.
The addition of XRP ( $1.49 ) futures expands CME’s crypto product suite, which includes Bitcoin ( $77,759.00 ) and Ether futures and options, along with the recently launched SOL futures.
CME Group reported that in Q1, average daily volume in crypto futures and options reached 198,000 contracts—equivalent to $11.3 billion in notional value—representing a 141% increase year-over-year. Average open interest rose to 251,000 contracts, up 83% from the same quarter last year.
“Bringing CME Group XRP ( $1.49 ) futures to Robinhood is a natural next step in our mission to expand retail access to futures trading,” said JB Mackenzie, VP and GM of Futures and International at Robinhood.
“ XRP ( $1.49 ) was purpose-built for real financial use cases and today facilitates global value transfers through the fast, low-cost XRP ( $1.49 ) Ledger,” said Sal Gilbertie, CEO of Teucrium. The company’s 2x Daily Long XRP ( $1.49 ) ETF reached $35 million in assets under management in its first 10 trading days.
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