CME Group set to launch XRP futures on Monday amid legal setback for SEC and Ripple

The Chicago Mercantile Exchange (CME) Group, the world’s leading derivatives marketplace, is expected to launch XRP futures and Micro XRP futures contracts on Monday, May 19, aiming to expand its suite of regulated crypto derivatives to include the fourth-largest digital asset by market capitalization.

The contracts will be available for trading on CME Globex and cleared through CME ClearPort, with access beginning Sunday evening, May 18, for after-hours participants, as noted in CME’s notice.

Each XRP futures contract will represent 50,000 XRP, while the Micro XRP futures will represent 2,500 XRP, both cash-settled based on the CME CF XRP-Dollar Reference Rate. Fees vary by participant type and venue.

CME Group confirmed in April that it plans to launch its first XRP futures contracts, pending regulatory approval, following earlier leaks in January that hinted at the rollout.#CMExrpETF