CME Group Launches 24/7 Crypto Futures with Ripple Prime Support
- CME Group has introduced a new schedule allowing institutions to trade crypto futures and options beyond traditional market hours.
- Ripple Prime serves as a day-one clearing and financing partner for the launch, providing necessary infrastructure for continuous markets.
- XRP futures reached $1 billion in open interest within three months, indicating significant institutional participation.
- The new framework allows institutions to manage XRP exposure during weekends and overnight sessions, enhancing flexibility for professional traders.
The launch of CME’s around-the-clock trading framework highlights the growing demand from institutions for continuous access to regulated crypto derivatives. Ripple Prime’s involvement ensures that this demand is met with efficient clearing and financing solutions.
With XRP futures quickly reaching $1 billion in open interest, the initiative underscores strong institutional engagement in regulated crypto markets, facilitated by robust infrastructure provided by Ripple Prime. (Source)
