芝加哥商业交易所（CME）集团于2025年5月19日星期一启动XRP期货合约

在加密货币市场的具有里程碑意义的开发中，芝加哥商业交易所（CME）集团定于2025年5月19日星期一启动XRP期货合约

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.

芝加哥商业交易所（CME）集团将于5月19日星期一提出XRP期货合约，以待批准，这标志着加密货币市场的重大发展。

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集团是领先的衍生品交易所，将开始在Ripple Labs开发的加密货币XRP上提供期货合约。此举使XRP更深入地融入了传统的金融市场，为机构和散户投资者提供了与该数字资产互动的监管途径。

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

“标记您的日历！本周一 - 5月19日，$ XRP期货将正式在全球最大的衍生品市场之一芝加哥商业交易所（CME）上正式首次亮相。”

— Coin Bureau (@coinbureau) May 17, 2025

- 硬币局（@Coinbureau）2025年5月17日

CME’s Strategic Expansion into Altcoin Derivatives

CME的战略性扩展到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期货与其更广泛的战略相吻合，以扩大其加密货币衍生品产品以外的比特币和以太坊的产品。今年早些时候，CME推出了Solana Futures，展示了该交易所对投资者对各种投资产品的需求的反应。

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.

随着数字资产景观的创新不断发展，市场参与者继续寻求监管的衍生产品产品，以管理更广泛的代币范围内的风险。

Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group

Giovanni Vicioso，CME Group的全球加密货币产品负责人

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.

即将到来的XRP期货合约将是现金分配的，并基于CME CF XRP-tollar参考率，该参考率将来自多个交易所的XRP定价数据汇总每日基准测试的XRP定价数据。将有两个合同规模：一份代表50,000 XRP的标准合同和一份代表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.

交易将在CME的电子交易平台CME Globex上进行，并将通过CME Clearport清除。此外，零售交易平台Robinhood已确认计划向用户提供CME的XRP期货。

Implications for XRP and the Broader Crypto Market

对XRP和更广泛的加密市场的影响

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

XRP期货的引入预计将对XRP的市场动态和更广泛的加密货币景观产生一些重大影响。

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，预计受管制期货合约的可用性将提高XRP市场的流动性。通过提供价格发现和风险管理的机制，期货合约可以吸引更广泛的参与者，包括以前可能不愿与不受监管的加密货币市场互动的机构投资者。

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期货的推出可能会促进基于XRP的交易所交易基金（ETF）的批准。从历史上看，受监管的期货市场的存在一直是监管机构批准现场ETF的先决条件。因此，在CME上建立XRP期货交易可能为未来的ETF产品铺平了道路，将XRP进一步集成到传统的投资组合中。

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认可所赋予的可见性和合法性可能会对XRP的价格轨迹产生积极影响。分析师指出，XRP在2025年已经证明了韧性，年龄增长了5.3％，在同一时期表现优于比特币和以太坊。期货发布会引起的增加的机构兴趣和交易量可以增强这种向上的势头。

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.

最后，值得注意的是XRP期货的时机。它紧随美国证券交易委员会对Ripple Labs的诉讼的最终裁决紧随其后，后者指责该公司进行未注册的证券产品。有利于波纹的最终决定将消除悬挂在XRP上的重要监管云，并可能导致机构投资者的参与增加。

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的首席执行官Brad Garlinghouse对这一发展表示热情，并指出：“虽然过期，但这是XRP市场持续增长的令人难以置信的重要而令人兴奋的一步。”他的讲话强调了CME认可在将XRP合法化为成熟且可投资的资产类别中的重要性。

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期货即将推出，这代表了加密货币市场发展中的关键时刻。通过弥合数字资产与传统金融基础设施之间的差距，这种开发增强了XRP的可访问性，流动性和合法性。正如市场预期的那样，投资者和行业观察家将密切监视这一里程碑对XRP的性能以及更广泛采用加密货币衍生产品的影响。