📈 XRP Futures Make Modest Yet Milestone Debut on CME 🪙
XRP has officially entered the big leagues. On May 19, CME Group launched XRP futures, recording $1.5 million in trading volume on Day 1. 🔥
🔹 Volume Breakdown
4 standard contracts (50,000 XRP each) traded at ~$2.40 — ≈ $480K
106 micro contracts (2,500 XRP each) — ≈ $1M+
🔹 Key Features
Cash-settled contracts
Benchmarked to CME CF XRP-Dollar Reference Rate (daily @ 4:00 PM London time)
Designed for institutions & retail alike
🛡️ This launch comes after CFTC’s classification of XRP as a commodity, clearing the regulatory path. Ripple CEO Brad Garlinghouse called it a "key institutional milestone", and Hidden Road executed the first block trade.
💬 Analysts believe a spot XRP ETF is now closer than ever — a matter of “when,” not “if.”
🔍 While early volumes are modest, XRP’s CME debut enhances institutional visibility and could influence price discovery, much like BTC and ETH futures already do.
