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CME launches XRP futures with $19 million in trading volume on first day
2025-05-20 20:35:56

Odaily News CME Group launched XRP futures on Sunday, its fourth cryptocurrency product after Bitcoin, Ethereum and Solana. CME said that the notional volume on the first day exceeded $19 million. XRP futures offer micro contracts (2,500 XRP) and large contracts (50,000 XRP), both settled in cash and anchored to the CME CF XRP-US dollar reference rate. Solana futures went live in March and had a first-day volume of $12.3 million. Hidden Road cleared the first XRP futures trade, and its president Noel Kimmel said: "This is an important milestone for Hidden Road and a sign of the continued institutional adoption of digital assets."