CME Exchange Debuts XRP Futures as Institutional Demand Heats Up
XRP futures contracts have officially launched on CME Group, marking a significant step in institutional adoption of the digital asset. The rollout includes both standard and micro-sized contracts, fulfilling the exchange’s April announcement with precise timing. Hidden Road, a Ripple-acquired brokerage platform, executed the first block trade at market open.
ETF analysts now consider XRP ETF approval inevitable following this development, though the token’s price remains subdued—likely reflecting prior market anticipation. Ripple CEO Brad Garlinghouse praised the listing as a "key institutional milestone" for XRP, highlighting its role in connecting crypto markets with traditional finance.