😲🐋 XRP Explodes in Institutional Trading with CME Futures Launch
XRP has just hit the big leagues as CME Group launches regulated futures, unlocking a powerful gateway for institutional capital to flow into the XRP ecosystem. CME Group, based in Chicago, officially introduced XRP and Micro XRP futures to its cryptocurrency derivatives portfolio on May 19, confirming the launch through the social media platform X.
💲💲 CME Group operates one of the largest derivatives markets in the world, providing financial instruments across asset classes.
The newly launched contracts come in two sizes. Standard XRP futures represent 50,000 XRP per contract, while Micro XRP futures cover 2,500 XRP. Both are quoted in U.S. dollars per XRP and allow for multiple trading strategies: outright, block, or BTIC (Buy and Sell at Future Index Close).
💱 The contracts are financially settled, offering participants cost-effective ways to access XRP price movements. They are available on CME's Globex and Clearport platforms, operating from Sunday afternoon to Friday afternoon with scheduled breaks.
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