The famous trader and analyst Peter Brandt expressed positive emotions regarding the launch of XRP futures trading on the Chicago Mercantile Exchange (CME Group). He wrote about this on his account on the X platform on April 25, 2025, after CME Group announced plans to launch trading on May 19, pending regulatory approval. Brandt noted that this step is significant for the crypto market, as $XRP has become the fourth cryptocurrency on the platform after Bitcoin, Ethereum, and Solana.
According to Brandt, XRP futures could attract more institutional investors, which would enhance the liquidity and stability of the asset. CME Group will offer two types of contracts: micro contracts for 2,500 XRP and larger ones for 50,000 XRP, settled in U.S. dollars. The price will be determined by the CME CF XRP-Dollar Reference Rate. At the time of the launch announcement, XRP was trading at $2.19, although the price had fallen by 2% in the last 24 hours.
The launch of futures could serve as a catalyst for XRP's growth, especially when combined with predictions regarding a possible spot ETF in the U.S. Stay tuned for news on #MiningUpdates .
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