XRP futures contracts at the Chicago Mercantile Exchange (CME) registered more than $ 19 million in volume of notional negotiation on their first day and at least $ 10 million on Tuesday, as shown in the data.
The inaugural trade, a block transaction, was clear by Hidden Road on May 18. The future XRP of CME are available in two sizes: standard contracts that represent 50,000 xRP and micro contracts representing 2,500 XRP. Both are in cash and compare the reference rate of Dollar CME CF XRP, calculated daily at 15:00 UTC.
Standard Contracts got a volume of 7.5 million XRP on Monday and 2.95 million XRP on Tuesday, while Micro Contracts made 517,000 XRP on Monday and at least 1.2 million XRP on Tuesday.
Market participants see the launch of these regulated futures contracts as a step towards the potential approval of a XRP exchange spot fund (ETF) in the United States.
“Spot XRP ETFS is only a matter of time,” said Nate Geraci, president of the ETF store, in an X Post on Monday.
Despite the solid debut of futures contracts, the XRP spot price remained relatively stable, quoting around $ 2.38, with a slight increase of 0.42% in the last 24 hours.
