The CME group rolled over the XRP Futures on May 19 as it continued to expand the suite of cryptocurrency products, the world’s largest derivatives exchange, told A Press release.
Pending regulation approved, traders can trade two contract sizes: 2,500 XRP and 50,000 XRP. The contracts will be cash-settled and based on the CME CF XRP-dollar reference rate, which monitors the price of XRP daily at 4:00 PM time of London.
“While the digital asset landscape is constantly changing, market participants are constantly looking at regulated derivatives products to manage risks to a wider range of tokens,” said Giovanni Vicioso, global leader of cryptocurrency products in the CME group.
“Interest with the XRP and its underlying ledger (XRPL) continue to rise as institutional and retail adoption increased for the network, and we enjoy launching new futures contracts to provide a good capital tool to support investment and hedging techniques.”
The move will come after CME launches Solana (SOL) futures in March in addition to Bitcoin (BTC) and Ethhereum (ETH) futures and options that trade in exchange for a while.
