The official launch is scheduled for May 19, making it a key date for the XRP market. This move follows increased momentum around XRP adoption among major financial platforms.
CME Group is set to take a major step in its institutional journey with XRP as it prepares to launch XRP futures on May 19. The official launch date was announced by the futures exchange, highlighting a key milestone in the development of the XRP market.
This move follows a period of increased momentum around XRP adoption among major financial platforms. CME had previously confirmed the addition of XRP futures several weeks ago.
The confirmation follows the recent launch of Solana futures by CME, showcasing the exchange’s interest in expanding its offerings beyond Bitcoin and Ethereum.
Earlier reports about the futures product appeared on a beta webpage for CME’s platform, which was later clarified as a testing artifact. Despite this, the confirmed launch signifies CME’s ongoing initiative to introduce new crypto derivatives despite the clarification.
The futures offering will position XRP alongside leading digital assets like Bitcoin and Ethereum in terms of trading instruments available through CME.
Earlier this year, CME also introduced price reporting indices for XRP in July 2023, setting the stage for this development. This move signaled the beginning of CME’s more direct involvement in the XRP market, paving the way for broader institutional entry into the token.
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