XRP futures will debut in the CME Group stock market in May
After Solana, XRP’s futures will be the next to land in the CME derivative bag. Coinbase also launched its offer of derivatives linked to Ripple token.
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- CME announces XRP futures on May 19.
- The derivative bag expands its supply of cryptocurrency products.
- A few weeks ago, CME introduced futures of Solana and Coinbase launched XRP futures
- XRP did not rise immediately after the ad.
Future contracts of XRP They are reaching world derivative markets.
He Chicago Mercantile Exchange (CME), a leading bag in the derivative market, announced its plans to launch XRP futures contracts, the cryptocurrency closely linked to Ripple which is among the greatest in the world.
Operators may begin negotiating XRP contracts as soon as next month, with two available contract sizes: one of 2,500 XRP and one larger than 50,000 XRP. The contracts will be settled in cash and will be based on the reference rate CME CF XRP-DOLOL, which tracks the price of XRP daily at 4:00 pm London time.
Futures are a type of contract that allows an investor to buy or sell the underlying asset at a given price at a predetermined expiration date.
CME expands its supply of cryptocurrency derivatives
For CME GroupThe launch will mean the expansion of its supply of cryptocurrency derivative products, which currently includes futures contracts of Bitcoin, Ethereum and Solarium.
XRP futures will land in CME in May
Ripple A regulatory milestone was secured last month, when the Bag and Securities Commission (SEC) agreed to abandon its appeal in the long -term legal case against the company. The regulator demanded Ripple In 2020 for violation of the Federal Securities Law, alleging, among other things, that XRP had sold and offered investors as an unregistered value.
A July 2023 fault had found that the programmatic sales of Ripple of XRP – through centralized exchanges – they did not violate the securities laws, although direct sales to institutional investors did constitute offers of securities. The SEC initially appealed the ruling, but now it has decided to retire, reinforcing the opinion that XRP is not a value.
Coinbase also launched XRP futures a few days ago through its platform Derivis coinbase. XRP futures are expected to be formally activated in Cme on May 19, 2025, after its regulatory approval.
XRP changes hands with 2.45% lower in the last 24 hours, with a gain of more than 5% in the week.
Hannah Estefanía Pérez / Diariobitcoin
Image generated with AI tool, under free use license
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