CME Group to Launch XRP Futures Amid Ripple’s Legal Challenges
- CME Group plans to launch XRP and Micro XRP futures on May 19, pending regulatory approval.
- Each XRP futures contract will represent 50,000 XRP, while Micro XRP futures will represent 2,500 XRP.
- The contracts will be cash-settled based on the CME CF XRP-Dollar Reference Rate.
- US District Judge Analisa Torres denied a settlement request between SEC and Ripple, maintaining a $125 million penalty for Ripple.
The introduction of CME’s XRP futures provides institutional investors regulated exposure to XRP price movements as legal challenges for Ripple persist. The SEC’s case against Ripple remains unresolved following a denied settlement request.
Source (2.6)https://cryptobriefing.com/cme-launch-xrp-futures/?rand=59535
