CME announced the launch of XRP futures, paving the way for the XRP ETF.

The largest derivatives trading exchange in the United States, CME Group (, plans to launch XRP futures. If approved, CME XRP futures will become the fourth mainstream crypto assets futures on the market after BTC, ETH, and SOL, which will also help in the subsequent approval of the XRP ETF.

Meet market demand and expand compliant Crypto Assets products.

Giovanni Vicioso, the Global Head of Crypto Assets Products at CME, stated that as innovation in the digital asset space continues to evolve, market participants are increasingly seeking regulated derivatives to manage the risks of a broader range of tokens. With the growing adoption of the network by institutional and retail investors, interest in XRP and its underlying ledger )XRPL( is steadily increasing. CME is launching these new futures contracts to provide a set of capital-efficient tools to support clients' investment and hedging strategies.

XRP futures join the CME Group's Crypto Assets product lineup

CME's XRP futures will be cash-settled and based on the CME CF XRP reference rate, which serves as the daily reference rate for the XRP price, calculated once a day at 4:00 PM London time. It offers micro contracts )2,500 XRP( and large contracts )50,000 XRP( for investors to choose from.

XRP futures join CME Group's Crypto Assets product lineup

With the addition of XRP futures, CME Group's cryptocurrency derivatives market has further expanded. The company currently offers futures and options for Bitcoin )BTC( and Ethereum )ETH(, and launched SOL futures on 3/17.

The highlights of cryptocurrency futures and options trading on the Chicago Mercantile Exchange in the first quarter include:

The average daily trading volume is 198,000 contracts with a notional amount of 11.3 billion USD, representing an annual increase of 141%.

Average open contracts of 251,000, with a nominal value of 21.8 billion USD, a year-on-year increase of 83%.

Since its launch on March 17, there have been over 43,000 SOL futures with a nominal value of 705 million USD traded.

In addition, the Chicago Mercantile Exchange will also launch new contracts for Bitcoin and Ethereum at the end of June, offering smaller-scale futures contracts with a duration of up to five years to attract more retail investors in crypto assets.

The listing of futures helps in the approval of ETFs.

CME Group has successfully promoted the institutionalization of Crypto Assets through Bitcoin and Ethereum futures, and now SOL and XRP futures are expected to further facilitate more compliant financial products, including ETFs (exchange-traded funds).

With the Trump administration's easing of regulations on the crypto industry and the appointment of the new SEC chairman Paul Atkins, the progress of new crypto ETFs is also highly anticipated, including Bitcoin ETFs that allow for physical creation and redemption, Ethereum ETFs with staking capabilities, SOL, XRP, and more. There are already over 72 ETFs on the SEC's review list.

) SEC's new chairman Atkins has taken office! 72 crypto ETFs are waiting for approval, including Dogecoin, Pengu, and Mrs. Trump (

The liquidity of the futures market and the participation of mainstream institutions such as CME will also be a focus of attention for regulatory agencies.

This article announces that CME has launched XRP futures, paving the way for the XRP ETF. It first appeared on Chain News ABMedia.