CME Group Confirms XRP Futures Launch on May 19
CME Group has announced the addition of XRP futures to its cryptocurrency derivatives lineup, pending regulatory approval. The launch is set for May 19.
Details on XRP Futures Contracts
- Two contract sizes: 2,500 XRP and 50,000 XRP
- Both contracts will be cash-settled
- Pricing based on CME CF XRP-Dollar reference rate calculated daily at 4:00 p.m. London time
The exchange currently offers futures for major cryptocurrencies like Bitcoin and Ethereum, along with recently launched Solana futures. In Q1 2025, average daily volume for crypto futures reached 198,000 contracts with a notional value of $11.3 billion. Open interest increased to 251,000 contracts, equating to $21.8 billion in notional value.
Market Context
- Demand for regulated XRP offerings is rising as investors seek alternatives to BTC and ETH
- XRP has gained attention for its efficiency in financial transactions
- Increased institutional interest following the conclusion of the Ripple vs. SEC case
- ProShares plans to launch three XRP futures-based ETFs, indicating growing competition