CME Group has launched XRP futures and Micro XRP futures to expand its regulated cryptocurrency derivatives offerings.
XRP joins Bitcoin, Ethereum, and Solana in CME's crypto product suite, catering to institutional investors seeking regulated exposure to XRP.
The XRP contracts are cash-settled, benchmarked against the CME CF XRP-Dollar Reference Rate, and aim to enhance market liquidity and hedging strategies.
The launch comes amidst rising institutional interest in diversified crypto assets, although regulatory uncertainties surrounding Ripple's legal challenges in the US may impact market reception of the new futures products.