- Chicago Mercantile Exchange will launch XRP contracts on May 19th, pending regulatory approval.
- Brad Garlinghouse was excited about the launch of XRP Futures and stressed the importance of this step for the expansion of XRP.
CME Group has been recognized as being the world’s largest exchange for derivatives. announced On May 19, plans are to introduce XRP contracts. The contracts come in two sizes: A micro-contract representing 2,500XRP, and an exchange traded contract for 50,000XRP. Futures are cash settled on CME CF XRP Dollar Reference Rate calculated at 4pm London time daily. The CME cryptocurrency expansion aims to give institutional investors increased access to XRP, thus boosting trading and liquidity.
In response Brad Garlinghouse, CEO of Ripple, expressed his delight at the news. “While overdue in a bunch of ways, this is an incredibly important and exciting step in the continued growth of the XRP market!” The enthusiasm of his comments reflects the feeling in the Ripple-community, where many view this as a significant step for XRP as longstanding SEC litigation finally comes to an end.
Although this was long overdue, it is an important step that will continue to grow the XRP industry! https://t.co/mnwJXKH5hi
— Brad Garlinghouse (@bgarlinghouse) April 24, 2025
Futures products such as Bitcoin (BTC), Ethereum (ETH), and other crypto currencies paved the path for the eventual approval of Exchange Traded Fonds (ETFs), by the SEC, in 2024. CME launched Bitcoin futures in January 2018 which was a turning point in the crypto-market. Ethereum futures then followed in February 2020.
Sal Gilbertie CEO at Teucrium says that XRP is unique because it focuses on the real world of financial usage. “XRP was purpose-built for real financial use cases and today facilitates global value transfers through the fast, low-cost XRP Ledger,” Gilbertie noted.
His comments come after Teucrium launched The Teucrium Daily 2x Long XRP ETF, which was the first U.S. ETF to offer 2x leverage daily exposure to XRP (XXRP), had amassed $35 million of assets in only 10 trading days.
The XRP spot ETF is getting closer
CME’s XRP Futures launch could accelerate the process of approving an XRP Exchange Traded Fund in the U.S. As highlighted in our previous articleThe SEC has already received applications from major asset managers like Franklin Templeton Bitwise ProShares 21Shares. Coinbase has just introduced XRP Futures Contracts to its derivatives platform. It is clear that financial institutions are eagerly awaiting the XRP wave.
XRP, on the other hand, has shown strength far beyond its support level of $2.00. In the past day, the XRP price has only increased by 0.56 percent, but over the course of the week, it increased 5.8 percent. The XRP price is $2.20 The current 24-hour volume is $3.3 billion. This shows a high level of investor confidence.
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Source: www.crypto-news-flash.com
