CME Group is implementing future XRP on May 19, as it continues to expand its set of cryptocurrency products, said the world’s largest derivative exchange, he said in a press release.
Waiting for regulatory approval, operators may negotiate two contract sizes: 2,500 XRP and 50,000 XRP. The contracts will be established in cash and will be based on the reference rate of Dollar CF XRP CF XRP, which tracks the price of XRP daily at 4:00 pm London time.
“As innovation in the panorama of digital assets continues to evolve, market participants continue to search for regulated derivative products to manage risks in a broader range of tokens,” said Giovanni Vicioso, global chief of cryptocurrency products in CME Group.
“The interest in XRP and its main book (XRPL) has increased constantly as the institutional and retail adoption of the network grows, and we are pleased to launch these new futures contracts to provide a set of capital capital tools to support customer investment and coverage strategies.”
The measure occurs after CME launched futures of Solana (Sun) in March, in addition to the futures and options of Bitcoin (BTC) and Ethereum (eth) that have been operating in the exchange for a while.
