Futures trading of XRP to commence by CME
Firing up the headlines, Chicago's derivatives titan, CME Group, is all set to introduce XRP futures trading, Target launch date set for May 19 (pending regulatory approval).
CME Group's XRP futures are poised to debut on a grand scale due to overwhelming interest from both retail and institutional investors, according to the company's Giovanni Vicioso.
With a mix of micro and larger-sized contracts on offer, the cryptocurrency derivatives powerhouse is readying to cater to a diverse range of market participants.
As we witnessed with the recent surge in crypto derivative trading, CME's Q1 of 2025 observed a staggering 141% year-over-year increase in average daily volume to 198,000 contracts, equating to a mammoth $11.3 billion in notional value. Notably, this was accompanied by an 83% year-over-year rise in average open interest to 251,000 contracts, amounting to $21.8 billion notional.
Steadily growing institutional and retail interest in XRP and its underlying technology (XRPL) is an encouraging factor for the introduction of these futures, providing efficient tools for investment and risk management strategies.
In light of this, CME's XRP futures join the existing suite of crypto futures and options on Bitcoin, Ether, and Solana (SOL), extending the offering of institutional-grade regulated crypto products. Retail platforms like Robinhood are even planning to jump on the bandwagon, while related products, such as the Teucrium 2x Daily Long XRP ETF (XXRP), have garnered impressive assets under management—$35 million over just 10 trading days—showing robust demand for regulated XRP derivatives.
The upcoming launch of XRP futures not only marks a response to the buoyant crypto derivatives market but also speaks volumes about institutional and retail interest in regulated XRP products, making these futures essential instruments for hedging and investing effectively.
- CME Group's XRP futures are anticipated to debut on May 19, pending regulatory approval, due to the overwhelming interest from both retail and institutional investors.
- With micro and larger-sized contracts available, CME Group is preparing to cater to a diverse range of market participants.
- CME Group recently observed a staggering 141% year-over-year increase in average daily volume for crypto derivative trading in Q1 of 2025, amounting to $11.3 billion in notional value.
- Steadily growing institutional and retail interest in XRP and its underlying technology, the XRPL, is an encouraging factor for the introduction of XRP futures, providing efficient tools for investment and risk management strategies.
- CME's XRP futures will join the existing suite of crypto futures and options on Bitcoin, Ether, and Solana (SOL), extending the offering of institutional-grade regulated crypto products.
- Retail platforms like Robinhood are planning to join in the bandwagon, while related products, such as the Teucrium 2x Daily Long XRP ETF (XXRP), have garnered impressive assets under management, showing robust demand for regulated XRP derivatives, making these futures essential instruments for hedging and investing effectively.
