CME Group To Launch XRP Futures In May: How Did XRP Price React?

CME Group on Thursday announced the upcoming launch of XRP (CRYPTO: XRP) futures contracts on May 19, subject to regulatory approval, marking a significant expansion of its cryptocurrency derivatives offering.

What Happened: The move comes as institutional and retail interest in XRP continues to grow, despite short-term price volatility.

The new contracts will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, calculated daily at 4:00 p.m. London time.

Traders will have access to two contract sizes: a micro contract (2,500 XRP) and a standard contract (50,000 XRP).

“Interest in XRP and its underlying ledger has …

Full story available on Benzinga.com