CME Group Set to Introduce XRP Futures in 2025
The CME Group is gearing up to launch XRP futures. The launch is scheduled for May 19, 2025, pending regulatory approval. This move aims to expand crypto trading options.
Investors will soon have a new way to trade XRP.The CME Group plans to introduce XRP futures. This new product will cater to both small and large traders. Micro contracts will cover 2,500 XRP, while larger contracts will include 50,000 XRP. This growth follows the success of their SOL futures, launched just two months ago.
These futures will be cash-settled. They will use the CME CF XRP-Dollar Reference Rate. This rate sets the daily price of XRP in dollars.The futures will let traders hedge or speculate on XRP’s price movements. Giovanni Vicioso, CME’s crypto products head, sees growing interest in XRP. He believes the futures will help investors manage risks better.
Why is this important? XRP’s popularity is rising. More people and businesses are using its blockchain. CME’s XRP futures will offer two sizes. Micro contracts will be for 2,500 XRP. Larger contracts will cover 50,000 XRP. This move comes as XRP gains traction. It’s a sign of XRP’s growing appeal. CME has led in crypto futures. They already offer Bitcoin and ethereum futures. They are also working on spot-quoted futures for BTC and ETH. Top stock indexes will join the lineup by June 30, 2025. This reflects the rising demand for XRP trading tools. It shows XRP’s growing importance in the market.
Robinhood, a popular trading app, will support CME’s XRP futures. JB Mackenzie,Robinhood’s VP,says it’s a step forward. It will give retail traders more choices. Robinhood users can look forward to over 40 futures products soon.
What does this mean for traders? It means more ways to invest in XRP. Traders can now hedge or bet on XRP’s price. The cash-settled contracts will settle at 4 PM London time. This timing suits global traders well.
Robinhood will back the new futures. This partnership will boost XRP’s accessibility. It shows faith in XRP’s future. Mackenzie notes the demand for crypto trading tools. He says, “Our users want more crypto options. XRP futures will meet this need. It complements Robinhood’s existing crypto offerings.
What sets CME apart? They use a daily price reference.
