CME Group to Launch XRP Futures on May 19, Expanding Cryptocurrency Product Offering
CME Group, the world’s largest derivatives exchange, is set to debut XRP futures on May 19, pending regulatory approval, as part of its ongoing expansion into the digital asset market.
Once approved, the contracts will be available in two sizes: 2,500 XRP and 50,000 XRP. These futures will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, which tracks XRP’s price daily at 4:00 p.m. London time.
Giovanni Vicioso, CME Group’s global head of cryptocurrency products, emphasized the growing demand for regulated digital asset products. “As the digital asset landscape evolves, market participants are increasingly seeking regulated derivatives to manage risks across a wider array of tokens,” Vicioso said.
He noted that interest in XRP and its underlying XRP Ledger (XRPL) has been rising steadily, with both institutional and retail adoption growing. “We’re excited to launch these futures contracts to offer a capital-efficient toolset for clients’ investment and hedging strategies,” Vicioso added.
This launch follows CME’s introduction of Solana (SOL) futures in March, complementing its long-established offerings of bitcoin (BTC) and ethereum (ETH) futures and options.
