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The Chicago Mercantile Exchange (CME) is set to launch XRP futures contracts on May 19, pending regulatory approval. This move is expected to enhance institutional access to XRP, with Ripple CEO Brad Garlinghouse hailing it as a significant milestone for the cryptocurrency’s growth.
- CME's XRP futures launch on May 19 includes micro (2,500 XRP) and standard (50,000 XRP) contracts, cash-settled using the CME CF XRP-Dollar Reference Rate.
- Ripple CEO Brad Garlinghouse views the futures as a pivotal step for XRP's growth, coinciding with the nearing end of the SEC lawsuit.
- The futures could fast-track XRP ETF approvals, with major firms like Franklin Templeton and Bitwise already seeking SEC clearance.
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