Futures trading on XRP at CME Group increased to a total volume of $25.6 million in nominal volume during the first two days of launch. This marks a powerful debut for the altcoin in regulated derivatives markets.
Meanwhile, XRP continues to trade below $2.50, down 7% over the past week.
XRP futures make a powerful entry at CME.
CME began trading futures on XRP on May 19, offering both standard (50,000 XRP) and micro (2,500 XRP) contracts.
According to official CME data and confirming reports, on May 19, 120 standard and 206 micro contracts were executed, totaling approximately 6.5 million XRP.
On May 20, the exchange recorded 59 standard and 485 micro contracts, adding another 4.1 million XRP to the total volume.
Thus, using the current market price of XRP at $2.39, the total trading volume over both days amounts to approximately $25.6 million. This volume positions XRP's debut ahead of other altcoin launches on CME. Futures on Solana (SOL), which debuted in March 2025, recorded $12.3 million in nominal volume on the first day.
In contrast, Bitcoin and Ethereum had more modest beginnings in their first days. BTC futures were launched in 2017, and ETH in 2021, although both have since become institutional mainstays.
Futures reflect the spot price of XRP, hinting at stable prospects.
XRP futures from CME are cash-settled and based on the CME CF XRP-Dollar Reference Rate. It is updated daily at 11:00 AM Eastern Standard Time.
This structure means that futures are closely tied to the spot market. Given that XRP is currently trading at $2.39, the futures contracts do not reflect a premium or discount. This indicates that traders expect price stability in the short term.
So far, there are no signs of strong bullish or bearish sentiment among futures participants. This may reflect broader market uncertainty or simply the fact that participants are using contracts for hedging rather than speculation. The success of the debut underscores the growing institutional interest in XRP, especially after regulatory clarity regarding Ripple's operations.
Overall, this sets the stage for future growth as traders explore more sophisticated ways to access XRP in a regulated environment.
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