CME’s XRP Futures Hit Record $235M in Daily Volume as Institutional Interest Builds
XRP futures trading on the Chicago Mercantile Exchange (CME) reached an all-time high Friday, with total volume across standard and micro contracts hitting $235 million. The surge reflects growing institutional demand for regulated crypto exposure.
Since launching on May 19, CME’s XRP futures have seen cumulative volume reach $1.6 billion, according to data from CME Active Trader. “The record underscores the rapidly growing demand in our new XRP futures suite,” the platform stated on X.
CME remains a preferred venue for institutional investors seeking compliant access to digital assets without the need for direct token ownership. Its bitcoin and ether futures are already widely used by hedge funds and asset managers as market proxies, and XRP appears to be following the same path.
The exchange offers two XRP contract sizes to meet a range of trading strategies: standard contracts representing 50,000 XRP and micro contracts sized at 2,500 XRP.
The momentum around CME’s XRP futures comes as Ripple—the company behind the XRP token—pushes deeper into regulated financial markets. Ripple has applied for a banking license in the U.S. and is reportedly pursuing a Markets in Crypto-Assets (MiCA) license in the EU to support its cross-border payments infrastructure.
