CME XRP Futures hit $ 542 million volume during the first month, which strengthens the case for Spot XRP ETFS


Key dealers

  • CME XRP -Futures reached $ 542 million in trade volume within its first month, which showed strong institutional demand and retail requirements.
  • Nearly half of the XRP Future Trade volume comes outside North America and highlights growing global interest.

CME Groups XRP -Futures and Micro XRP -Futures have registered $ 542 million in total trade volume since its launch on May 19, according to a new Report from the leading derivative market.

These XRP products started strongly with $ 19 million in the launch day, but interest accelerated rapidly when the volume jumped 28 times during the first month.

Global adoption also grows, with almost half of the activity that comes outside the United States and Canada, the report notes.

Source: CME group

CME Group announced the launch of its XRP products In April, the focus on expanding its existing crypto -derivative lineup, which already contains contracts that are tied to Bitcoin, Ethereum and Solana. CME’s Solana Futures went live in March.

These contracts are available in both standard sizes (50,000 XRP) and micro (2500 XRP), are cash-built and refer to the CF XRP-Dollar reference rate.

In addition to the CME group as large exchanges as Coin derivatives And Bitnomial has received legislative approval to offer XRP futures agreements in the United States. These offers were rolled out After Sec agreed to withdraw its appeal in the Ripple Labs case.

The presence of CFTC-regulated futures is one of the most influential factors in SEC’s evaluation of Spot Crypto ETF applications.

SEC has previously quoted the presence of a regulated futures market as an important requirement for approving Tot Bitcoin and Ethereum ETFS. Analysts and legal experts note that this precedent now applies to XRP, as CFTC-regulated XRP-Futures are live on large platforms such as CME group, coin base derivatives and bitnomial.

XRP has joined Litecoin and Solana in the top level for ETF approval, as experts see a 95% probability of SEC approving a spot ETF linked to Ripples Flagship Crypto access.





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