CME Group launched XRP and Micro XRP futures today

-CME is the biggest derivatives exchange

-XRP futures = 50,000 XRP

-Micro XRP futures = 2500 XRP

-Both are cash-settled

-Past futures launches had mixed effects

-BTC futures launch in 2018 marked the top of a bull market and allowed institutional shorting

-ETH futures launch in 2021 didn’t stop its price from rising for months

-CME launched SOL futures earlier this month

-Coinbase launched XRP futures recently