PANews April 24 news, according to a report by PR Newswire, the Chicago Mercantile Exchange (CME Group) announced today that it plans to launch XRP futures on May 19, pending regulatory review. Market participants will have the option to trade micro contracts (2,500 XRP) and larger scale contracts (50,000 XRP). CME's XRP futures will be cash-settled and based on the CME CF XRP-US Dollar Reference Rate, which serves as the daily reference rate for the XRP USD price, calculated daily at 4:00 PM London time. XRP futures will join the company's suite of crypto products, which includes Bitcoin and Ethereum futures and options, as well as the recently launched SOL futures.
