🔥 The launch date for XRP futures contracts on the CME exchange is approaching next month.
🔥 The CME Group is preparing to launch futures contracts #xrp on May 19, in a new move to enhance its offerings in the regulated cryptocurrency derivatives market, following the recent listing of Solana contracts.
🔥 This step remains contingent on obtaining the necessary regulatory approvals.
🔥 Despite the announcement, the price of XRP has not seen a significant movement, remaining at $2.20 with a weekly increase of 6%.
🔥 According to "Giovanni Visiosu" from CME, this launch comes in response to the increasing demand for regulated derivative instruments that help manage risks.
🔥 The new contracts will be available in two sizes: 2500 and 50,000 XRP, and will be settled in cash based on CME's daily reference price.
🔥 It is noted that the trading volume of XRP-related derivatives through CME has increased by 141% year-on-year, reaching $11.3 billion in the first quarter.
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