$XRP UPDATE!
CME Group launched XRP and Micro XRP futures on May 19, 2023, expanding its crypto derivatives offerings for institutional traders.
The standard XRP futures contract represents 50,000 XRP, while the Micro futures cover 2,500 XRP, both priced in U.S. dollars. Regulated by the CFTC, these contracts aim to facilitate exposure and hedging strategies for XRP.
Ripple Labs' CEO, Brad Garlinghouse, welcomed this launch as a significant milestone for institutional adoption of XRP, especially following Ripple's acquisition of prime brokerage firm Hidden Road.