CME Exchange Launches Spot-Quoted XRP Futures, Marking Institutional Milestone
CME Group has launched spot-quoted XRP futures contracts, marking another institutional milestone for the sixth-largest cryptocurrency by market capitalization. The derivatives exchange now offers these products alongside SOL futures, complementing existing Bitcoin and Ethereum contracts.
Open interest in XRP futures reached $1 billion faster than any previous contract on CME, prompting the October introduction of options trading. The new spot-quoted structure allows institutional investors to hedge positions using familiar spot-market terminology while benefiting from extended settlement timelines.
This development follows growing demand for regulated crypto derivatives, particularly after CME's XRP futures went live earlier this year. Market participants anticipate increased liquidity and tighter spreads as the product gains traction among traditional finance institutions.
