Quick overview

Live XRP/USD Chart

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Institutional players will have a new avenue to gain exposure to the well-liked altcoin on May 19, when XRP futures finally hit CME.

 

Market action shows the remittance-based token is up by more than a fifth this week

CME has been laying the groundwork for XRP pricing indices. At the time, Brad Garlinghouse, the CEO of Ripple, called it “the first step toward institutional crypto products. Ripple’s chief is always considering the long haul.

CME isn’t even the first to offer American traders regulated XRP futures.

First came Binomial. CME’s significant presence in traditional finance makes its entry a much bigger deal. The fact that the dominant force in derivatives on Wall Street is adopting XRP shows how far the token has come since its regulatory issues were resolved.

CME unintentionally revealed its plans for XRP futures when a beta page appeared on its website. We all knew what was happening, so they quickly attempted to justify it as “just a test mock-up,” but come on. After introducing their Solana futures product recently, CME finally came clean in April and declared they would launch XRP futures.