XRP Futures Rack Up $1.5M Trading Volumes on CME Debut.

🔸XRP futures contracts began trading on CME Group’s derivatives platform recording $1.5 million in trading volume on the first day.

🔸The contracts are cash-settled & benchmarked to the CME CF XRP-Dollar Reference Rate offering flexibility for various trading strategies.

🔸The launch follows the CFTC’s classification of XRP as a commodity paving the way for potential spot XRP ETFs.

XRP futures contracts began trading on CME Group’s derivatives platform on May 19 recording at least $1.5 million in trading volume during the first session, a modest but notable debut for the major token.