CME Group will launch XRP futures on May 19, pending regulatory approval, as part of its expanded cryptocurrency offerings. This initiative will allow traders to choose between two contract sizes: 2,500 XRP and 50,000 XRP, with cash-settlement based on the CME CF XRP-Dollar Reference Rate, tracking XRP’s price daily at 4:00 p.m. London time.

Key Points:

• CME Group aims to launch cash-settled XRP futures on May 19, pending regulatory approval, broadening its cryptocurrency derivatives range.
• The contracts will be offered in two sizes—2,500 XRP and 50,000 XRP—and will be settled against the daily XRP-Dollar Reference Rate.
• This move follows CME’s introduction of Solana futures and indicates increased institutional interest for regulated XRP exposure.

“As innovation in the digital asset landscape continues to evolve, market participants continue to look to regulated derivatives products to manage risks across a wider range of tokens,” Giovanni Vicioso stated.

“Interest in XRP and its underlying ledger (XRPL) has steadily increased as institutional and retail adoption for the network grows, and we are pleased to launch these new futures contracts to provide a capital-efficient toolset to support clients’ investment and hedging strategies.”

This initiative is a continuation of CME’s recent efforts which included the launch of Solana futures in March, as well as established bitcoin and ethereum futures and options.