CME Group is expanding its crypto derivatives suite with the launch of its new XRP futures.
Giovanni Vicioso
The move is expected to provide market participants with greater choice, with options between trading both a micro-sized contract (2,500 XRP) and a larger-sized contract (50,000 XRP).
Launch is scheduled for 19 May 2025, pending regulatory approval, and follows increased demand for regulated digital asset derivatives within the industry.
Giovanni Vicioso, global head of cryptocurrency products at CME Group said: “Interest in XRP and its underlying ledger (XRPL) has steadily increased as institutional and retail adoption for the network grows, and we are pleased to launch these new futures contracts to provide a capital-efficient toolset to support clients’ investment and hedging strategies.”
Read more – CME Group to launch Solana futures in March
The XRP futures will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, which serves as a once-a-day reference rate of the US XRP dollar price, calculated at 16:00 GMT daily.
The new XRP futures will join the company’s crypto product suite containing bitcoin and ether futures and options and follows the development of CME’s Solana (SOL) futures, of which 43,000 have been traded since the product was launched on 17 March 2025.
XRP futures are also set to be brought to Robinhood, in a push to expand retail access to futures trading.
JB Mackenzie, vice president and general manager of futures and international at Robinhood said: “Our customers have shown a deep interest in digital assets, and they will soon be able to access an even wider variety of crypto futures to complement Robinhood’s existing spot crypto offerings.”