CME Workforce, which is the world’s largest derivatives marketplace, is preparing to launch XRP futures on May 19. This launch will be subject to regulatory approval, but enthusiasm is already being seen in the crypto market. This step of CME has been taken keeping in mind the increasing popularity of XRP and XRP Ledger (XRPL) and demand for investors. The company believes in the world of digital assets XRP Has emerged as a strong player, which is now accepting both institutional and retail investors.
Details and Settlement Process of XRP futures
The CME Workforce will launch the XRP futures contract in two sizes. The first will be a micro contract consisting of 2,500 XRPs. The second major contract will be in which 50,000 XRPs will be covered. The special thing about these futures is that it will be cash-set, that is, there will be payment in cash instead of XRP on expiry.
Futures’ pricing will be based on CM CF XRP-Greenback Reference Fee, which will be decided daily at 4:00 pm according to UK Moment. Giovanni Vicioso, who is the World Head of Cryptocurrency Merchandise of CME Workforce, said that this launch is happening at the right time due to the XRP’s rapid adoption and XRPL growth.
Increasing catch of cme in Crypto Market
The cme offers Bitcoin, Ether and recently launched solana futures. These products have shown tremendous growth. In the first quarter of 2025, CME’s crypto futures and options were traded by an average of 198,000 contracts daily. Their value was around $ 11.3 billion, which is 141% growth compared to the previous year.
Talking about the open interest, on an average, 251,000 contracts remained open, with a value of $ 21.8 billion, it is also an increase of 83%. This data suggests that institutional investors have now become more active about digital assets than before.
Support from retail platforms and ETF
Robinhood has also announced that it will introduce XRP futures of CME on its platform. This will also provide easy access to retail traders on mobile, which will make the futures market wide. On the other hand, a company named Teucrium has launched 2x Day-TO-Day lengthy XRP ETF (XXRP), which bets on XRP.
ETF has collected assets of more than $ 35 million in just 10 days, which clearly shows investors’ interest in XRP. CEO Sal Gilbertie of Teucrium has described the CME move as a new milestone for XRP. Point to be noted is that Teucrium CEO showed deep faith in XRP Is.
Conclusion
The launch of XRP futures will not only strengthen the XRP market position but will also meet the need for regulated investment tools regarding crypto. This decision of CME Workforce is considered to be an important step towards making XRP a crystocks of mainstream. After this launch, both the reliability and utility of the XRP are sure to increase, which will benefit both institutional and retail investors.
