CME Group to Launch XRP Futures, Expanding Crypto Trading Opportunities

CME Group plans to launch XRP futures on May 19, 2025, expanding its crypto derivatives suite with micro and standard contract sizes. This announcement is part of a strong trading performance in Q1, with notable volume and interest growth. Retail access to these futures will be available through Robinhood, as demand for regulated XRP products rises.

CME Group has announced its plans to launch XRP futures on May 19, 2025, significantly widening its cryptocurrency derivatives offerings. The new futures contracts will come in two sizes: micro contracts at 2,500 XRP and standard contracts at 50,000 XRP. These will be cash-settled, referencing the CME CF XRP-Dollar Reference Rate, which is aimed at offering clarity and stability to traders.

This announcement arrives during a period of remarkable trading activity in the cryptocurrency market. In the first quarter of this year, CME Group highlighted impressive figures, including an average daily trading volume of 198,000 contracts, translating to about $11.3 billion in notional value. This marks a substantial 141% increase compared to the previous year. Additionally, the average open interest climbed by 83%, reaching 251,000 contracts valued at $21.8 billion.

Notably, there have been over 43,000 SOL futures contracts traded since their launch on March 17, demonstrating the growing interest in crypto products. Retail investors will get access to the new XRP futures through the Robinhood platform, while Teucrium’s 2x Daily Long XRP ETF has already amassed $35 million in assets under management in just ten days, showcasing robust market demand for regulated XRP offerings.

Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, remarked that innovation in digital assets continues to prompt market participants towards regulated derivatives for better risk management across diverse token portfolios. He notes that investor interest in XRP has been growing steadily alongside the ledger’s adoption.

Robinhood’s Vice President and General Manager for Futures and International, JB Mackenzie, mentioned that offering these futures is a crucial step in enhancing retail access to futures trading. Customers, who have shown a keen interest in digital assets, will soon be enabled to trade a range of futures products through Robinhood’s mobile trading platform, catering to their needs for speed and precision, much like institutional trading.

Sal Gilbertie, CEO of Teucrium, praised XRP as a tool specifically developed for real financial applications. He highlighted that the Teucrium 2x Daily Long XRP ETF’s early success underscores the market’s appetite for advanced, regulated XRP investment vehicles. Furthermore, all XRP futures will be governed by CME Group’s established rules, ensuring a structured trading environment.

In conclusion, CME Group remains a leader in the global derivatives market, providing tools and products to manage risk effectively and seize opportunities. Information about the new XRP futures can be found at www.cmegroup.com/xrp, where further details about their extensive financial offerings are available.