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The CME Group is set to launch XRP futures on May 19, expanding its crypto derivatives offerings. This move is expected to attract institutional investors and enhance market liquidity. Ripple Labs CEO Brad Garlinghouse hailed the development as a significant milestone for XRP.
- CME Group will offer XRP futures in two sizes: micro (2,500 XRP) and standard (50,000 XRP), cash-settled using the CME CF XRP-Dollar Reference Rate.
- The launch could pave the way for an XRP ETF, with Bitwise, 21Shares, and Franklin Templeton already filing proposals.
- XRP's price rose 16.27% weekly, but trading volume dropped 44.67%, signaling mixed market sentiment ahead of the futures debut.
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