CME Exchange Propels XRP to Third-Largest Crypto with New Futures Launch
XRP has surged to become the third-largest cryptocurrency by market capitalization, overtaking Tether with a valuation of $151 billion. The token’s price rose 2.5% in the past 24 hours, though trading volume declined sharply by 43% to $6 billion.
Market excitement centers on CME Group’s announcement of XRP futures contracts launching May 19. The derivatives giant will offer two contract types: micro contracts at 2,500 XRP for retail traders and standard contracts at 50,000 XRP for institutional players.