CME Group Will Launch XRP Futures on May 19 Amid Growing Institutional Demand

CME Group, the world’s largest derivatives marketplace, is expanding its digital asset lineup with the launch of XRP futures, set to go live on May 19, pending regulatory approval.

The move reflects increasing institutional and retail interest in XRP and its underlying network, the XRP Ledger (XRPL).

The exchange will offer two contract sizes: a micro contract representing 2,500 XRP and a larger contract representing 50,000 XRP. Both will be cash-settled, using the CME CF XRP-Dollar Reference Rate, which calculates the U.S. dollar price of XRP daily at 4:00 p.m. London time.

Giovanni Vicioso, CME’s Global Head of Cryptocurrency Products, said the launch comes in response to “rising adoption” and a growing appetite for tools to manage risk across a broader range of crypto tokens. “These futures contracts offer clients a capital-efficient solution for hedging and exposure to XRP,” he noted.

XRP Access Coming to Robinhood Users

In tandem with the launch, Robinhood will make CME’s XRP futures available to its users. JB Mackenzie, Vice President and General Manager of Futures and International at Robinhood, said the integration will expand the app’s crypto offerings while making futures trading more accessible to retail investors.

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“Customers have shown growing interest in digital assets, and we’re excited to offer them more tools with the speed and precision usually reserved for institutional players,” Mackenzie said.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.