CME Group announced its intention to launch XRP’s term contracts, the derivative market watching a first date of May 19, 2025.
In an ad, the CME group said that the unveiling of term contracts on XRP (XRP) has been put to offer access to micro and larger contracts, awaits the regulatory examination.
Once live, the new products will allow investors to exchange micro-tail contracts of 2,500 XRP or larger contracts of 50,000 XRP.
CME’s announcement comes less than two months after the company has launched Floi Futures. After being also launched with Bitcoin (BTC) and Ethereum (ETH) in the long term, CME recently revealed plans to reveal the future cities to the point for BTC and ETH. The company has also disclosed its next offer of better equity indices, these take place for June 30, 2025.
“The interest in XRP and its large underlying book has continued to increase as the institutional and detail of the network increases, and we are happy to launch these new contracts to provide a set of economical capital tools to support investment and customer cover strategies,” said Giovanni Vicioso, world chief of CME cryptocurrency.
CME says that the next XRP term contracts will be established in cash, using the reference rate CF CF XRP-Dollar. This price reference will be calculated daily and will settle at 4:00 p.m. London time. Robinhood, the popular trading application, will also support CME XRP contracts. Vice-president and managing director of the company JB Mackenzie, commented:
“Bringing CME Group XRP Futures to Robinhood is a next natural step in our mission to extend access to retail to term trading. Our customers have shown a deep interest in digital assets, and they will soon be able to access an even wider variety of future crypto to complete the existing crypto spot offers from Robinhood.
Robinood plans to extend its future to the offer to more than 40 products.
