The Chicago Mercantile Exchange (CME) recently launched XRP futures contracts, joining Bitcoin (BTC) and Ethereum (ETH) on its platform.
On the first day, XRP futures contracts on CME recorded a combined notional volume of over $19 million, with 150 standard contracts and 207 micro contracts traded.
In comparison, the launch of CME's Bitcoin futures in 2017 saw a significantly larger volume, while the ETH futures launch had more tempered start.
Factors like market maturity, timing, regulatory issues, and competition from other platforms may have contributed to the varying trading volumes between XRP, BTC, and ETH futures on CME.