CME Group has announced plans to launch XRP futures on May 19th, 2025, pending regulatory review. The new contracts will provide market participants with regulated tools to manage price risk in the digital asset space.
The launch will include two contract sizes: a micro sized contract of 2,500 XRP and a large sized contract of 50,000 XRP, catering to a range of traders from retail to institutional. These cash-settled futures will be based on the CME XRP-Dollar Reference Rate calculated at 4:00 p.m. London time.
The addition of XRP to the CME Cryptocurrency futures portfolio will boost the volumes being traded from Bitcoin, Ether and Solana, which was added in mid-March. Q1 crypto trading is up 141% year-on-year for daily volume with 198,000 contracts. The average open interest is up 83% year-on-year.
Since Solana’s (SOL) addition to the market launch in March it has traded over 43,000 futures.
Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. “Interest in XRP and its underlying ledger (XRPL) has steadily increased as institutional and retail adoption for the network grows, and we are pleased to launch these new futures contracts to provide a capital-efficient toolset to support clients’ investment and hedging strategies.”
References:
Press Release: https://www.cmegroup.com/media-room/press-releases/2025/4/24/cme_group_to_expandcryptoderivativessuitewithlaunchofxrpfutures.html
Contract Specifications:
https://www.cmegroup.com/markets/cryptocurrencies/xrp/xrp.html
