XRP Futures began shopping on Chicago Mercantile Exchange’s (CME) derivatives platform on Monday and became the first regulated futures to track the price of XRP in the US
Dealers can trade with two contract sizes: 2,500 XRP and 50,000 XRP, which will be both cash-related and based on SME CF XRP-Dollar reference that tracks the price of XRP daily at. 16:00 London Time.
CME already offers Bitcoin
Ethereum and Solana Futures as well as Bitcoin and Ethereum options. The group’s sun futures, launched in mid -March, had only booked $ 12.3 million in the nominal daily volume on the first day and closed with $ 7.8 million in open interest, a much lower number on adjusted basis compared to the debut of Ether and Bitcoin Futures.
The price of XRP fell 3.45% over the last 24 hours.
The existence of regulated futures could mark a big step in the right direction as it relates to a Spot XRP Exchange-Traded Fund, which is currently under review that must be approved or denied by Securities and Exchange Commission (SEC). Several US issuers have filed to launch such a fund, but have not yet received a decision.
“CME-traded XRP-Futures is now *Live *,” wrote Etf-Store President Nate Geraci on X. “CFTC-regulated contracts on XRP. Spot XRP ETFS only a matter of time.”
Former SEC under President Gary Gensler had previously told issuers that one of the reasons the approved Spot Bitcoin and Ethereum ETFs was that it had already had an existing regulated futures market in the United States
