Key Takeaways
- CME Group plans to debut XRP futures on May 19, pending regulatory review.
- The futures will be cash-settled and expand CME’s crypto product offerings alongside Bitcoin and Ether futures.
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CME Group announced today it will launch XRP futures on May 19, pending regulatory review. The derivatives marketplace will offer both micro-sized contracts of 2,500 XRP and larger-sized contracts of 50,000 XRP.
The new futures contracts will be cash-settled based on the CME CF XRP-Dollar Reference Rate, calculated daily at 4:00 p.m. London time.
“As innovation in the digital asset landscape continues to evolve, market participants continue to look to regulated derivatives products to manage risks across a wider range of tokens,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group.
The addition of XRP futures expands CME’s crypto product suite, which includes Bitcoin and Ether futures and options, along with the recently launched SOL futures.
CME Group reported that in Q1, average daily volume in crypto futures and options reached 198,000 contracts—equivalent to $11.3 billion in notional value—representing a 141% increase year-over-year. Average open interest rose to 251,000 contracts, up 83% from the same quarter last year.
“Bringing CME Group XRP futures to Robinhood is a natural next step in our mission to expand retail access to futures trading,” said JB Mackenzie, VP and GM of Futures and International at Robinhood.
“XRP was purpose-built for real financial use cases and today facilitates global value transfers through the fast, low-cost XRP Ledger,” said Sal Gilbertie, CEO of Teucrium. The company’s 2x Daily Long XRP ETF reached $35 million in assets under management in its first 10 trading days.
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