CME Group to Launch Cash-Settled XRP Futures
- CME Group will introduce cash-settled XRP futures on May 19, pending regulatory approvals.
- The company reported an average daily volume of 198,000 crypto contracts in Q1 2025, with a notional value of $11.3 billion.
- XRP has shown a 33% increase in value over the past two months, currently trading at $2.168.
- Bitcoin recently breached the $95K level and is trading around $94K.
- There is a surge in crypto-pegged ETF applications following the approval of the first Bitcoin ETF in January 2025.
CME Group’s launch of XRP futures reflects its strategy to capitalize on growing demand for cryptocurrency derivatives, as evidenced by their substantial trading volumes and recent product launches like Solana futures.
Source (2.6)https://www.newsbtc.com/news/best-crypto-to-buy-as-derivatives-exchange-cme-set-to-launch-xrp-futures/?rand=52377
