XRP Futures Launching May 19

CME Group to Launch XRP Futures on May 19

• CME Group plans to debut XRP futures on May 19, pending regulatory review.
• The futures will be cash-settled and expand CME’s crypto offerings alongside Bitcoin and Ether futures.
• Contracts will be available in micro-sized (2,500 XRP) and larger-sized (50,000 XRP) options.
• Average daily volume in crypto futures reached 198,000 contracts in Q1, up 141% year-over-year.
• Average open interest rose to 251,000 contracts, an increase of 83% from the previous year.

The launch of XRP futures by CME Group is set for May 19, subject to regulatory approval. This expansion includes both micro-sized and larger-sized contracts as part of CME’s broader cryptocurrency derivatives suite.