芝加哥商業交易所（CME）集團於2025年5月19日星期一啟動XRP期貨合約

在加密貨幣市場的具有里程碑意義的開發中，芝加哥商業交易所（CME）集團定於2025年5月19日星期一啟動XRP期貨合約

Chicago Mercantile Exchange (CME) Group is set to introduce XRP futures contracts on Monday, May 19, pending regulatory approval, marking a significant development for the cryptocurrency market.

芝加哥商業交易所（CME）集團將於5月19日星期一提出XRP期貨合約，以待批准，這標誌著加密貨幣市場的重大發展。

CME Group, a leading derivatives exchange, will begin offering futures contracts on XRP, the cryptocurrency developed by Ripple Labs. The move integrates XRP deeper into traditional financial markets, providing institutional and retail investors with a regulated avenue to engage with this digital asset.

CME集團是領先的衍生品交易所，將開始在Ripple Labs開發的加密貨幣XRP上提供期貨合約。此舉使XRP更深入地融入了傳統的金融市場，為機構和散戶投資者提供了與該數字資產互動的監管途徑。

“Mark your calendars! This Monday - May 19th, $XRP futures will officially debut on Chicago Mercantile Exchange (CME), one of the biggest derivatives markets globally.”

“標記您的日曆！本週一 - 5月19日，$ XRP期貨將正式在全球最大的衍生品市場之一芝加哥商業交易所（CME）上正式首次亮相。”

— Coin Bureau (@coinbureau) May 17, 2025

- 硬幣局（@Coinbureau）2025年5月17日

CME’s Strategic Expansion into Altcoin Derivatives

CME的戰略性擴展到Altcoin衍生品

CME Group’s decision to introduce XRP futures aligns with its broader strategy to expand its cryptocurrency derivatives offerings beyond Bitcoin and Ethereum. Earlier this year, CME launched Solana futures, showcasing the exchange’s responsiveness to investor demand for diverse investment products.

CME Group推出XRP期貨與其更廣泛的戰略相吻合，以擴大其加密貨幣衍生品產品以外的比特幣和以太坊的產品。今年早些時候，CME推出了Solana Futures，展示了該交易所對投資者對各種投資產品的需求的反應。

As innovation in the digital asset landscape continues to evolve, market participants continue to look to regulated derivatives products to manage risks across a wider range of tokens.

隨著數字資產景觀的創新不斷發展，市場參與者繼續尋求監管的衍生產品產品，以管理更廣泛的代幣範圍內的風險。

Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group

Giovanni Vicioso，CME Group的全球加密貨幣產品負責人

The upcoming XRP futures contracts will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, which aggregates XRP pricing data from multiple exchanges for a daily benchmark. Two contract sizes will be available: a standard contract representing 50,000 XRP and a micro contract representing 2,500 XRP.

即將到來的XRP期貨合約將是現金分配的，並基於CME CF XRP-tollar參考率，該參考率將來自多個交易所的XRP定價數據匯總每日基準測試的XRP定價數據。將有兩個合同規模：一份代表50,000 XRP的標準合同和一份代表2,500 XRP的微型合同。

Trading will take place on CME’s electronic trading platform, CME Globex, and will be cleared via CME ClearPort. Moreover, retail trading platform Robinhood has confirmed plans to offer CME’s XRP futures to its users.

交易將在CME的電子交易平台CME Globex上進行，並將通過CME Clearport清除。此外，零售交易平台Robinhood已確認計劃向用戶提供CME的XRP期貨。

Implications for XRP and the Broader Crypto Market

對XRP和更廣泛的加密市場的影響

The introduction of XRP futures is expected to have several significant impacts on both XRP’s market dynamics and the broader cryptocurrency landscape.

XRP期貨的引入預計將對XRP的市場動態和更廣泛的加密貨幣景觀產生一些重大影響。

Firstly, the availability of regulated futures contracts is anticipated to enhance liquidity in the XRP market. By providing a mechanism for price discovery and risk management, futures contracts can attract a wider range of participants, including institutional investors who may have previously been hesitant to engage with unregulated crypto markets.

首先，預計受管制期貨合約的可用性將提高XRP市場的流動性。通過提供價格發現和風險管理的機制，期貨合約可以吸引更廣泛的參與者，包括以前可能不願與不受監管的加密貨幣市場互動的機構投資者。

Secondly, the launch of XRP futures could catalyze the approval of XRP-based exchange-traded funds (ETFs). Historically, the existence of a regulated futures market has been a prerequisite for the approval of spot ETFs by regulatory bodies. The establishment of XRP futures trading on CME may thus pave the way for future ETF products, integrating XRP further into traditional investment portfolios.

其次，XRP期貨的推出可能會促進基於XRP的交易所交易基金（ETF）的批准。從歷史上看，受監管的期貨市場的存在一直是監管機構批准現場ETF的先決條件。因此，在CME上建立XRP期貨交易可能為未來的ETF產品鋪平了道路，將XRP進一步集成到傳統的投資組合中。

Thirdly, the increased visibility and legitimacy conferred by CME’s endorsement could positively influence XRP’s price trajectory. Analysts have noted that XRP has already demonstrated resilience in 2025, with a year-to-date gain of 5.3%, outperforming both Bitcoin and Ethereum during the same period. The added institutional interest and trading volume resulting from the futures launch could bolster this upward momentum.

第三，CME認可所賦予的可見性和合法性可能會對XRP的價格軌跡產生積極影響。分析師指出，XRP在2025年已經證明了韌性，年齡增長了5.3％，在同一時期表現優於比特幣和以太坊。期貨發布會引起的增加的機構興趣和交易量可以增強這種向上的勢頭。

Finally, the timing of the XRP futures launch is noteworthy. It follows closely the final ruling in the U.S. Securities and Exchange Commission’s lawsuit against Ripple Labs, which had accused the company of conducting unregistered securities offerings. A final decision in favor of Ripple would remove a significant regulatory cloud that has hung over XRP and could lead to increased participation by institutional investors.

最後，值得注意的是XRP期貨的時機。它緊隨美國證券交易委員會對Ripple Labs的訴訟的最終裁決緊隨其後，後者指責該公司進行未註冊的證券產品。有利於波紋的最終決定將消除懸掛在XRP上的重要監管雲，並可能導致機構投資者的參與增加。

Brad Garlinghouse, CEO of Ripple Labs, expressed enthusiasm about the development, stating, “While overdue in a bunch of ways, this is an incredibly important and exciting step in the continued growth of the XRP market.” His remarks highlight the significance of CME’s endorsement in legitimizing XRP as a mature and investable asset class.

Ripple Labs的首席執行官Brad Garlinghouse對這一發展表示熱情，並指出：“雖然過期，但這是XRP市場持續增長的令人難以置信的重要而令人興奮的一步。”他的講話強調了CME認可在將XRP合法化為成熟且可投資的資產類別中的重要性。

The forthcoming launch of XRP futures on CME represents a pivotal moment in the evolution of cryptocurrency markets. By bridging the gap between digital assets and traditional financial infrastructure, this development enhances the accessibility, liquidity, and legitimacy of XRP. As the market anticipates the May 19 debut, investors and industry observers will be closely monitoring the impact of this milestone on XRP’s performance and the broader adoption of cryptocurrency derivatives.

CME上XRP期貨即將推出，這代表了加密貨幣市場發展中的關鍵時刻。通過彌合數字資產與傳統金融基礎設施之間的差距，這種開發增強了XRP的可訪問性，流動性和合法性。正如市場預期的那樣，投資者和行業觀察家將密切監視這一里程碑對XRP的性能以及更廣泛採用加密貨幣衍生產品的影響。