CME Group to Launch XRP Futures on May 19

CME Group has confirmed the official launch of XRP futures on May 19, a significant milestone for institutional involvement in Ripple’s ecosystem. XRP is currently trading at $2.56, and the market is closely watching for price action following this development.

Ripple CEO Brad Garlinghouse emphasized that “CME’s launch of the XRP benchmark reference rate last July was the first step toward institutional crypto products,” underlining the significance of this move.

The futures launch is expected to enhance price discovery, boost trading volume, and increase market maturity.