CME has launched XRP futures contracts on May 19, providing institutional-grade derivatives for Ripple’s native token.
The XRP futures contracts allow traders cash-settled exposure to XRP’s price movement based on the CME CF XRP-Dollar Reference Rate in two contract sizes.
Trading hours for XRP futures contracts follow the standard CME schedule, with monthly and quarterly listings, and varying fee structures.
The launch follows a legal development where a joint motion for an indicative ruling on a $50 million settlement between Ripple and the SEC was denied as the motion was not filed correctly.