The Chicago Mercantile Exchange is set to launch XRP futures contracts on May 19, pending final regulatory approval.
Ripple CEO, Brad Garlinghouse, expresses enthusiasm for the launch, stating that it is an important step for the continued growth of the XRP market.
The introduction of XRP futures contracts by the CME Group aims to provide institutional investors with increased access to the XRP market, boosting trading and liquidity.
The launch of XRP futures could potentially speed up the approval process for an XRP Exchange-Traded Fund (ETF) in the U.S., as major asset management firms have already filed their applications.