XRP Futures Set Records as Global Demand Pushes CME Volume Past $1.6 Billion

XRP and Micro XRP futures on CME hit a new record on July 11 with notional trading volume surpassing $235 million, bringing the total volume since launch to over $1.6 billion. Officially launched on May 19, 2025, the products offer cash-settled contracts based on CME’s XRP/USD Reference Rate, with two contract sizes: standard (50,000 XRP) and micro (2,500 XRP). The July 11 session recorded over 9,100 contracts traded—equivalent to more than 82 million XRP.

CME noted that 45% of XRP futures volume comes from outside North America, highlighting global interest. On the same day, July 14, Canadian asset manager 3iQ announced that its XRPQ ETF surpassed $50 million in assets under management, less than a month after its launch.