$XRP

Gets a Futures Makeover—Tradestation’s CME Push Signals High-Volume Play:-

Tradestation Securities Inc., a self-clearing online brokerage firm based in Plantation, Florida, revealed on May 27 its participation in CME Group’s launch of XRP futures contracts. The move adds to the company’s expanding catalog of cryptocurrency derivatives and marks another step toward providing capital-efficient tools for digital asset traders. The firm stated:

With this addition, Tradestation continues to expand its suite of cryptocurrency derivatives, offering eligible clients access to both micro-sized (2,500 XRP) and large-sized (50,000 XRP) XRP futures contracts.

The launch opens access to cash-settled XRP futures, bringing more diversity to the range of regulated investment products available to Tradestation clients.

The XRP futures contracts are tied to the CME CF XRP-Dollar Reference Rate, a daily benchmark of XRP’s U.S. dollar price published at 4:00 p.m. London time. These additions follow recent enhancements to Tradestation’s futures lineup, including micro-sized grains, oilseed, and Micro WTI Crude Oil contracts.