XRP打破了新的基礎：CME期貨對加密貨幣的弱者真正意味著什麼，而交易者現在必須知道什麼

芝加哥商業交易所是一家聯想起繁華坑和十億美元賭注的金融機構，正在向全球最陷入困境的加密貨幣打開大門：XRP。

Monday morning will look different for crypto traders scanning their terminals. The Chicago Mercantile Exchange—a financial institution that conjures images of bustling pits and billion-dollar bets—is opening its doors to the world’s most embattled cryptocurrency: XRP.

星期一早上，對於加密交易者掃描航站樓的情況會有所不同。芝加哥商業交易所是一家聯想起繁華坑和十億美元賭注的金融機構，正在向全球最陷入困境的加密貨幣打開大門：XRP。

CME’s move signals that XRP has earned a spot in the pantheon of regulated, heavily traded digital assets. For traders used to Bitcoin futures or ether futures, the addition of XRP futures to CME’s lineup signals a natural progression—a testament to the burgeoning maturity of the crypto ecosystem. But for those less familiar with the landscape, this moment is nothing short of groundbreaking.

CME的舉動表明，XRP在受監管的，大量交易的數字資產的萬神殿中贏得了一席之地。對於用比特幣期貨或以太期貨的交易者來說，將XRP期貨添加到CME的陣容中，這表明了自然的進步，這證明了加密生態系統的成熟度。但是對於那些不熟悉景觀的人來說，這一刻無非是開創性的。

Here’s a breakdown of what the CME futures launch means for traders, investors, and the future of XRP itself:

這是CME期貨發布對貿易商，投資者以及XRP本身未來意味著什麼的細分：

What Is CME Launching, and How Can Traders Get Involved?

CME的啟動是什麼，交易者如何參與？

CME is offering two types of futures contracts: standard and micro. Both settle in cash and are priced relative to the CME CF XRP-Dollar Reference Rate.

CME提供兩種類型的期貨合約：標準和微型。兩者都以現金定居，並且價格相對於CME CF XRP犯罪參考率。

* Standard contracts have a size of 50,000 XRP.

*標準合同的大小為50,000 XRP。

* Micro contracts are smaller, with a size of 2,500 XRP.

*微合同較小，大小為2,500 XRP。

The futures will be listed on CME Globex and cleared through CME ClearPort. They are designed to appeal to institutional traders who prefer a regulated and transparent market.

期貨將在CME Globex上列出，並通過CME Clearport清除。它們旨在吸引喜歡受監管和透明市場的機構交易者。

To open a futures account, traders will need to apply through a registered futures broker. CME itself does not accept applications for direct access to its exchange. Retail traders can get involved through an intermediary, such as a brokerage firm or a futures commission merchant (FCM).

要開設期貨帳戶，交易者將需要通過註冊期貨經紀人申請。 CME本身不接受直接訪問其交換的應用程序。零售交易者可以通過中介機構（例如經紀公司或期貨委員會商人（FCM））參與其中。

The minimum margin requirements for the futures will be set in accordance with CME’s usual procedures and may vary depending on market conditions and other relevant factors.

期貨的最低保證金要求將根據CME的常規程序設定，並且可能會根據市場條件和其他相關因素而有所不同。

The futures will be cash-settled in U.S. dollars on the third Wednesday of the futures contract month. The final settlement price will be based on the CME CF XRP-Dollar Reference Rate at 4:00 p.m. ET on the futures contract's maturity date.

期貨將在期貨合同月的第三個星期三以美元現金計算。最終結算價格將基於美國東部時間4:00 PM的CME CF XRP-TORRAR參考率，即期貨合約的到期日。

What Does This Mean for the Price of XRP?

這對XRP的價格意味著什麼？

The launch of CME futures could lead to increased liquidity and price stability for XRP. As more institutional traders enter the market, they will bring with them larger trading volumes and deeper liquidity pools. This could help to reduce volatility and create a more balanced playing field.

CME期貨的推出可能會導致XRP的流動性和價格穩定性提高。隨著越來越多的機構交易者進入市場，他們將帶來更大的交易量和更深的流動性池。這可能有助於降低波動率並創建一個更加平衡的競爭環境。

However, it's important to note that the price of XRP is currently heavily influenced by the pending legal decision in the SEC lawsuit. Until there is greater clarity on the regulatory front, it's likely that any major price moves will be tied to legal developments rather than futures trading activity.

但是，重要的是要注意，XRP的價格目前受到SEC訴訟未決法律裁決的嚴重影響。在監管方面更加清晰之前，任何主要的價格轉移都可能與法律發展相關，而不是期貨交易活動。

What Are the Implications for ETFs?

對ETF有什麼影響？

The approval odds for an XRP ETF are still being covered by crypto prediction sites, and the timeline remains fluid.

XRP ETF的批准賠率仍由加密預測站點覆蓋，並且時間軸保持流體。

Industry insiders believe that if the SEC were to relent and finally admit that XRP is not a security, then the ceiling would vanish. The approval odds for an XRP ETF are still being covered by crypto prediction sites, and the timeline remains fluid.

行業內部人士認為，如果SEC不願意並最終承認XRP不是安全性，那麼上限就會消失。 XRP ETF的批准賠率仍由加密預測站點覆蓋，並且時間軸保持流體。

If an ETF were to be approved, we can expect to see a huge influx of capital flowing into the XRP market. According to Bloomberg analysts, daily trading volumes could spike by 3–5x in the first year alone.

如果要批准ETF，我們可以期望看到大量資本流入XRP市場。根據彭博分析師的說法，僅第一年的日常交易量就會達到3-5倍。

What Is Ripple Doing Now?

Ripple現在在做什麼？

This year, Ripple has already launched two major global pilots for its blockchain technology. The first was for a stablecoin project in Bhutan, and the second is in the Colombian countryside with microfinance and supply-chain projects on the XRP Ledger.

今年，Ripple已經為其區塊鏈技術推出了兩名主要的全球飛行員。第一個是在不丹的一個Stablecoin項目，第二個是在哥倫比亞鄉村，在XRP Ledger上有小額信貸和供應鏈項目。

For this initiative, Ripple has partnered with Mercy Corps and digital traceability platform WËIA to create a program that will provide smallholder farmers with transparent funding and traceable produce. The focus is on showcasing the real-world utility of Ripple’s technology rather than engaging in hype or speculation.

為此，Ripple與Mercy Corps和Digital Traceability PlatformWëia合作，創建了一個計劃，該計劃將為小農提供透明的資金和可追溯的產品。重點是展示波紋技術的現實實用性，而不是從事炒作或投機。

This initiative is part of a broader effort by Ripple to expand the use of its blockchain and expand into new markets. The company is also developing solutions for central bank digital currencies (CBDCs), which could be used to facilitate cross-border payments and remittances.

這項倡議是Ripple更廣泛努力擴大其區塊鏈的使用並擴展到新市場的一部分。該公司還正在開發中央銀行數字貨幣（CBDC）的解決方案，可用於促進跨境支付和匯款。

As other cryptocurrencies, like Bitcoin and Solana, enjoy their financial spotlight for liquidity and trading activity, XRP is consolidating price action in a holding pattern near $2.35. It remains to be seen whether the gravitational pull of legal uncertainty will ultimately prevail over the pent-up bullish energy that is building in anticipation of a favorable court ruling or out-of-court settlement.

正如其他加密貨幣（如比特幣和索拉納（Solana））一樣，享受其流動性和交易活動的財務關注點，XRP正在以接近2.35美元的價格鞏固價格行動。在預期有利的法院裁決或庭外和解方面，法律不確定性的引力最終是否會佔上風，這還有待觀察。

But as this moment arrives, signaling that global finance is learning to coexist with crypto’s pioneers, it’s worth remembering that for every headline-grabbing lawsuit or court decision, there are engineers and entrepreneurs quietly shipping real-world solutions.

但是隨著這一刻的到來，表明全球財務正在學習與加密貨幣的開拓者共存，值得記住的是，對於每一個引人注目的訴訟或法院裁決，都有工程師和企業家悄悄運送現實世界的解決方案。

The pilots that organizations like Mercy Corps are launching with Ripple’s technology in the Colombian countryside matter as much to the future of finance as does a ruling from Washington or New York. Perhaps even more so.

像Mercy Corps這樣的組織在哥倫比亞鄉村發起的技術啟動的飛行員與華盛頓或紐約的裁決一樣，對金融的未來和未來一樣重要。也許更多。

This time period will be pivotal in determining whether crypto can deliver on its promise or if another court drama will

這個時期將在確定加密貨幣是否可以兌現其諾言或其他法院戲劇將是關鍵的