CME Group launches new Futures contracts based on the payments Altcoin XRP.
The Derivatives Marketplace Giant says in one New announcement That it will roll out a micro-size XRP-based Futures contract with a value of 2500 XRP and a greater size of 50,000 XRP.
The launch date is planned for May 19, but the company notes that both contracts are still awaiting the legal assessment.
Giovanni Vicioso, CME’s worldwide head of Crypto Products, says that the new product rollout is due to the budding customer demand for regulated products based on digital assets.
“The interest in XRP and its underlying ledger (XRPL) has steadily increased as the institutional and retail acceptance for the network grows, and we are pleased to launch these new futures contracts to offer a capital-efficient tool set to support the investments and hedge strategies of.”
Cme group first launched Bitcoin (BTC) Futures in 2020 and Ethereum (ETH) futures In 2022 and in March, the market on Solana (SOL) added contracts. The Futures Products of Financial Services began to roll out About the retail trade giant Robinhood in January.
XRP acts at $ 2.19 at the time of writing. The fourth ranking of the market with market capitalization has risen by more than 1.5% by more than 1.5% in the last 24 hours, but almost 6% has risen in the past week.
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