CME Reports 46% of XRP Futures Trading Occurs Outside U.S. Hours

The CME has launched XRP futures, highlighting the cryptocurrency's global interest. Key facts include:

Trading volume reached 4,032 contracts worth $86.6 million in the first six days.
46% of trading occurred during non-U.S. hours, indicating strong international participation.
XRP is designed for fast and low-cost cross-border payments, used by Ripple for money transfers.
Futures consist of standard contracts (50,000 XRP) and micro contracts (2,500 XRP), both cash-settled.
Prices are based on the SME CF CRP-Dollar Reference rate, updated daily at 4:00 p.m. London time.

These futures allow traders to gain exposure to XRP without owning it.