XRP futures have commenced trading on the Chicago Mercantile Exchange (CME), marking the first regulated futures linked to XRP in the United States.

Key Information:

• The CME introduced these futures on Monday, with contract sizes of 2,500 and 50,000 XRP, both cash-settled and associated with the SME CF XRP-Dollar Reference Rate, which tracks XRP pricing daily at 4:00 PM London time.
• This launch could bolster initiatives to list a spot XRP ETF currently pending SEC review.

Traders now have access to manage their XRP exposure with these new futures, aiming to mitigate risks in a volatile market. As noted, regulated futures could pave the way for exchange-traded funds, which is a topic of significant interest among market participants.

“CME-traded XRP futures are now live,” wrote Nate Geraci of the ETF Store on X. “CFTC-regulated contracts on XRP. Spot XRP ETFs only a matter of time.”

The overall trading sentiment saw XRP’s value drop by 3.45% over the previous 24 hours.

Furthermore, CME provides futures for other cryptocurrencies such as Bitcoin, Ethereum, and Solana, indicating a growing interest and infrastructure in derivatives markets for digital assets.