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CME Group is set to introduce XRP futures on May 19, pending regulatory approval. The move expands its crypto derivatives offerings, giving traders access to both micro and standard-sized contracts tied to the XRP-Dollar reference rate.
XRP Futures to Expand CME Group’s Crypto Derivatives Lineup
CME Group has announced the upcoming launch of XRP futures on May 19, subject to regulatory clearance. The new offering adds to its growing lineup of crypto derivatives, which already includes bitcoin, ether, and, more recently, solana futures.
Traders will be able to choose between two XRP contract sizes: a micro contract representing 2,500 XRP and a larger 50,000 XRP contract. Both contracts will be cash-settled and priced using the CME CF XRP-Dollar reference rate.
“Interest in XRP has steadily increased as institutional and retail adoption for the network grows, and we are pleased to launch these new futures contracts to support clients’ investment and hedging strategies,” said Giovanni Vicioso, Global Head of cryptocurrency products at CME Group.
The addition of XRP comes at a time of growing institutional interest in regulated crypto products. CME’s crypto futures and options saw strong Q1 performance, with an average daily volume of 198,000 contracts, equivalent to $11.3 billion in notional value, and open interest topping $21.8 billion.
Following the successful debut of SOL futures in March, which recorded over 43,000 contracts traded, CME is positioning itself to meet the expanding demand for diverse digital asset exposure within traditional financial markets.