XRP's Strength Lies in Its Speed and Liquidity: CME Executive

According to McCourt, a key part of the Ripple-linked token's strength is its underlying technology, the XRP ledger.

In a recent interview, CME Group executive, Tim McCourt, shed light on how XRP offers real-world utility for the crypto industry, differentiating it in the hyper-competitive market with its many practical applications.

XRP’s Strength Lies in Its Speed and Liquidity: CME Executive

McCourt highlighted that a part of the Ripple-linked token’s strength is its underlying technology, the XRP ledger. With the capacity to handle up to 1,500 transactions per second, the ledger’s performance level makes it a reliable and scalable solution for multiple purposes, especially cross-border payments.

The CME Group executive stated that the high XRP trading volume is a sign of investor interest and evidence of the token’s established presence within the crypto ecosystem. This cryptocurrency attracts both institutional participants and retail traders due to its market depth and liquidity.

McCourt also mentioned that the CME Group is supporting the rapid development of the cryptocurrency sector by providing the necessary infrastructure for market players. This includes trade mechanisms and tools similar to those used by traditional Exchange-Traded Products (ETPs).

The launch of this digital asset’s regulated futures contracts showcases the CME Group’s initiative to provide the infrastructure that will help boost market confidence and encourage greater institutional participation in this cryptocurrency.

Earlier this week, the CME Group launched the futures contracts for this digital asset after introducing a similar product for Solana (SOL) in February.

These new products were created to meet customer demands, and client requirements will continue to influence the company’s cryptocurrency-related product launches, which are set to expand further.

McCourt elaborated that CME introduced both micro and standard XRP futures contracts simultaneously, a first for the leading derivatives platform, to cater to the varying needs of its customer base.

Meanwhile, Jake Claver, a known digital asset advocate, has disclosed that those operating through a Wyoming LLC can now access XRP lending at an institutional level without any minimum requirements.

This allows investors to borrow against their XRP holdings while maintaining their long-term positions in the cryptocurrency.