The CME was recently launched XRP
Futures underline the international appeal of cryptocurrency, and almost half of their negotiation volume occurs outside the negotiation hours of the United States.
The regulated XRP future, standard and micro -size contracts, began to quote in the global derivatives giant a week ago, registering a total negotiation volume of 4,032, with a value of $ 86.6 million in the first six days of negotiation, said the spokesman for Coindesk exchange.
The spokesman stressed that “46% of the [total] The volume occurred during non -American hours “and almost half of trade comes from participants outside the United States
The data suggest a strong international participation in the futures market. XRP is a cryptocurrency centered on payments designed mainly for fast and low -cost cross -border payments.
Ripple, a financial technology company, uses XRP and the Book Mayor XRP (XRPL) to facilitate international money transfers.
The standard and micro contracts of the CME, dimensioned at 50,000 XRP and 2,500 XRP, respectively, are in cash and are based on the reference rate of Dollar CRP SME CF, which tracks the price of the cryptocurrency daily at 4:00 pm at the time of London.
These futures allow operators to obtain exposure to cryptocurrency without really having it.
