CME Makes Major XRP Move—Ripple CEO Calls It a Milestone Moment
The post CME Makes Major XRP Move—Ripple CEO Calls It a Milestone Moment appeared on BitcoinEthereumNews.com.
The introduction of XRP futures is expected to enhance market liquidity and could pave the way for ETF approval, boosting XRP’s long-term prospects. With the SEC lawsuit dropped, confidence in XRP’s regulatory status has strengthened, supporting its case as a viable institutional asset. After CME just validated XRP by launching a new benchmark to track the coin’s price, as reported by Crypto News Flash (CNF), the recent announcement by CME Group to launch XRP futures marks a significant milestone for Ripple and the broader cryptocurrency market. According to a Reuters update, this move, scheduled for May 19, 2025, underscores the growing institutional interest in XRP and could pave the way for the approval of an XRP exchange-traded fund (ETF). Further, it stated that: CME’s move highlights a push to offer sophisticated trading tools for altcoins — which typically refer to tokens smaller than Bitcoin and Ether. Initially viewed as speculative assets, these coins are fast becoming a vital component of investors’ portfolios and can be a safe haven at a time when tariff-driven volatility has rattled equities. CME Group’s Strategic Expansion into XRP As a leading derivatives marketplace, CME Group has unveiled plans to introduce cash-settled XRP futures contracts, pending regulatory approval. Responding to the update by CME Group, Ripple CEO Brad Garlinghouse hailed this development as “incredibly important,” emphasizing its potential to enhance XRP’s market maturity and liquidity, as he tweeted on his personal X account. While overdue in a bunch of ways, this is an incredibly important and exciting step in the continued growth of the XRP market! https://t.co/mnwJXKH5hi — Brad Garlinghouse (@bgarlinghouse) April 24, 2025 As per CNF’s last reviews on Ripple vs. SEC case, it was concluded with a legal expert predicting a fine reduction from $125M to $10M. The conclusion of Ripple’s legal battle with…
Filed under: News - @ April 25, 2025 7:24 am