Chicagoer stock exchange is launching XRP futures-another progress for Ripple
- The future XRP futures trade of Chicago Mercantile Exchange is another step towards the normality of XRP in the cryptom market after more than four years of SEC process.
- This increases the opportunities for the requested XRP ETFs because facts have been created. Otherwise, the SEC would have to explain why XRP futures are allowed, but ETFs are not.
As CNF reported, Ripple CEO Garlinghouse underlined the importance of the upcoming introduction of XRP futures through the CME (Chicago Mercantile Exchange) Group and described it as a decisive step towards expanding the XRP market. The product, which is due to the official approval on May 19, is an important step in the world’s largest appointment exchange towards Altcoin derivatives.
The decision of the CME to include XRP in its crypto offer signals an increasing institutional interest and aims to give asset legitimacy and trade depth. This expansion could also pave the way for an XRP ETF, which has long been considered disabled by the lack of regulated futures.
Institutional interest signals ripe of the XRP market
According to Garlinghouse in one X-Post is the introduction of XRP futures “great and exciting” because acceptance of institutions and private customers increases.
While overdue in a bunch of ways, this is an incredibly important and exciting step in the continued growth of the XRP market! https://t.co/mnwJXKH5hi
— Brad Garlinghouse (@bgarlinghouse) April 24, 2025
On May 19, the CME Group will bring 50,000 XRP contracts on the market with cash compensation, which are praised on the basis of the CME CF XRP dollar reference course. This follows the earlier publication of real-time xrp indices by the CME in cooperation with CF Benchmarks.
As already mentioned, the CME is not the first to offer XRP futures, but it is by far the most important. Coinglass reports that the CME is the open interest in Bitcoin futures with $ 13.14 billion and is therefore far ahead of native crypto platforms such as Binance and OKX. It is expected that the start of CME in XRP will bring liquidity and transparency, two things that have always drawn institutions to the products of the CME.
Giovanni Vicioso, Cmes Global Head of Cryptocurrency Products, said that the growing interest in XRP and his ledger (XRPL) is the reason for this step. He pointed out that the new futures contracts are designed to support customer security strategies with capital-efficient tools. The Solana Futures as well as Bitcoin and Ethereum derivatives introduced in March also include Cmes crypto advance, which have been around for some time.
New regulatory practice and ETF expectation give the market swing
The expansion of the CME into the area of old coins is in line with the changing regulatory attitudes under the government of President Donald Trump. The US Securities and Exchange Commission (Sec) approved 2024 Bitcoin and Ethereum ETFs on a spot-based basis.
Observers led the lack of regulated XRP futures as the main obstacle to an XRP spot ETF. If this problem has been solved, the path to SEC approval for such an ETF in 2025 seems more likely.
Financial managers, including Bitwise, Grayscale, Canary Capital, 21shares and Franklin Templeton, have already submitted applications for XRP ETFs. A report by Kaiko Research shows an increasing XRP trade volume on the US exchanges, which further underlines the institutional interest.
XRP has increased by 5.3 % since Bitcoin has dropped and Ethereum has lost half of its value. In view of the ongoing volatility on the stock markets, XRP is becoming a protection for diversified portfolios.
Garlinghouse described the step of the CME as “overdue in many ways”, but emphasized its long -term meaning. The Ripple CEO believes that the introduction of the XRP futures of the CME strengthens the reputation of the token in traditional finance.
XRP is currently trading at around $ 2.19, which means an increase of 1.78 % compared to the last closing price.
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