CME Group Set to Launch XRP Futures in 2025
CME group is gearing up to introduce XRP futures, with a planned launch date of May 19, 2025.The derivatives marketplace aims to offer both micro and larger-sized contracts, pending regulatory approval.
Once operational, traders can access micro contracts of 2,500 XRP or larger contracts of 50,000 XRP. This move follows the company’s recent launch of SOL futures and its pioneering efforts with Bitcoin and Ethereum futures. CME also plans to unveil spot-quoted futures for BTC and ETH, alongside top equity indices by June 30, 2025.
Giovanni Vicioso,CME’s global head of cryptocurrency products,noted the growing interest in XRP. He said, “we’re excited to provide a new tool for investors to manage their strategies.”
The XRP futures will be cash-settled using the CME CF XRP-Dollar Reference Rate. This rate will be calculated daily and settle at 4:00 p.m.London time. The futures will cater to both institutional and retail investors.
Robinhood will support these futures, expanding its crypto offerings. JB Mackenzie, Robinhood’s vice president, stated, “Our customers are keen on digital assets. This expansion will complement our existing spot crypto options.”
Key points include:
- Micro contracts of 2,500 XRP
- Larger contracts of 50,000 XRP
- robinhood will offer over 40 crypto futures products.
Robinhood’s involvement highlights the increasing demand for crypto trading. the app aims to broaden retail access to futures trading.This aligns with the rising adoption of XRP and its ledger technology.
Robinhood’s JB Mackenzie explained, “This is a natural step to meet customer demand for diverse crypto futures.”
For more details, visit CME Group and Robinhood will support CME’s XRP futures, enhancing retail access to the market.
These developments reflect the expanding crypto landscape, making it easier for users to trade XRP efficiently. The cash-settled contracts will use the CME CF XRP-Dollar Reference Rate for daily price calculations. This initiative supports growing institutional and retail interest in XRP. The company plans to support over 40 products, showcasing the evolving crypto market.
