CME Group, the world's largest derivatives exchange, is set to launch XRP futures contracts on May 19, pending regulatory approval.
The introduction of XRP futures on CME Group's platform is expected to increase institutional access to XRP and integrate it into traditional financial markets.
Robinhood, a popular trading platform, will offer CME's XRP futures to retail traders, making it more accessible to a wider range of investors.
Ripple CEO Brad Garlinghouse sees the launch of XRP futures as a major milestone that can contribute to the maturity of the XRP market and bring new liquidity.