CME Group to Debut XRP Futures on May 19, Expanding Cryptocurrency Trading Portfolio
CME Group, the world’s leading derivatives exchange, will introduce XRP futures on May 19, pending regulatory approval, marking a significant expansion of its cryptocurrency offerings.
The XRP futures contracts will be available in two sizes: 2,500 XRP and 50,000 XRP. These contracts will be cash-settled, with prices referencing the CME CF XRP-Dollar Reference Rate, which tracks the cryptocurrency’s price at 4:00 p.m. London time each day.
Giovanni Vicioso, global head of cryptocurrency products at CME Group, highlighted the increased demand for regulated crypto products. “As the digital asset space continues to evolve, more market participants are seeking out regulated derivatives to manage their risk across a broader selection of tokens,” Vicioso said.
CME’s move to introduce XRP futures comes as institutional and retail interest in XRP and its underlying XRP Ledger (XRPL) continues to rise. “We are excited to offer these futures as a cost-effective tool to support investment and hedging strategies for our clients,” Vicioso added.
This launch builds on CME’s ongoing expansion into the crypto market, following the introduction of Solana (SOL) futures in March, and complements its well-established bitcoin (BTC) and ethereum (ETH) futures and options products.
