CME Exchange Announces XRP Futures Launch in May, Eyeing Institutional Adoption and ETF Potential
The Chicago Mercantile Exchange (CME) has revealed plans to launch XRP futures trading by May 19, pending regulatory approval. This expansion adds to CME’s existing crypto derivatives lineup, which currently includes Bitcoin, Ethereum, and Solana contracts.
Following the announcement, XRP prices held steady at $2.21, showing limited immediate market reaction. The introduction of futures could spark institutional interest in XRP and potentially fast-track the development of an ETF for the remittance-focused cryptocurrency.
CME’s decision follows its recent introduction of Solana futures, underscoring growing institutional acceptance of altcoins. As a regulated platform, CME’s move may bolster confidence in XRP’s recovery following its SEC lawsuit.
