The post XRP Futures Launch on CME with $1.5M Volume appeared on BitcoinEthereumNews.com.

XRP futures on CME hit one point five Million in opening trades. Contracts track XRP price via CME CF Reference Rate. Ripple CEO calls futures a key step for institutional adoption. XRP futures are now available on CME. Traders exchanged a total of one point five million worth of XRP futures on the inaugural day. The introduction brings cash-settled contracts, which let traders guess what XRP’s price will be without having the cryptocurrency. More and more institutions are showing interest in XRP, a blockchain-based coin Ripple created for cross-border transfers. inevitably may get regular contracts for 50,000 XRP or micro contracts for 2,500 XRP via the CME.The two depend on the CME CF XRP-Dollar Refer Rate, which reflects the price of XRP at four o’clock every day. Traders transacted four normal contracts worth $480,000 and 106 micro contracts totaling more than $1 million on the first day. Brad Garlinghouse, the CEO of Ripple, said that the introduction was very important. He said, “Regulated XRP futures on CME are a big step towards institutional adoption.” He said that Hidden Road, a trading business, made the first block deal at the launch, which showed that the market was active early on. The CME, one of the world’s largest derivatives exchanges, released the futures to provide traders a way to have more XRP exposure. The exchange stressed how flexible the contracts were by saying, “These products let investors manage their risks precisely when they want to get involved with XRP’s price movements.” XRP’s Institutional Milestone Ripple is focused on institutional customers like banks and payment processors, thus the CME’s launch of XRP futures fits with that. XRP makes cross-border transactions quick and cheap, making it a possible replacement for existing networks like SWIFT. Futures contracts let hedge funds and banks manage risk while…

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Filed under: News - @ May 20, 2025 11:26 pm