CME's XRP Futures Reach $19 Million in Trading Volume on First Day
CME Group launched XRP futures on Sunday, marking its fourth cryptocurrency product following Bitcoin, Ethereum, and Solana. CME reported that the nominal trading volume on the first day exceeded $19 million. XRP futures offer micro contracts (2,500 XRP) and large contracts (50,000 XRP), both cash-settled and anchored to the CME CF XRP-USD reference rate. Solana futures went live in March with a first-day trading volume of $12.3 million. Hidden Road cleared the first XRP futures trade, and its president, Noel Kimmel, stated, "This is a significant milestone for Hidden Road and marks the continued institutional adoption of digital assets."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed’s Harker Says He Does Not Support Rate Cuts for Now, Emphasizes Inflation Remains Too High
State Street Becomes the First Third-Party Custodian to Launch Services on JPMorgan’s Digital Debt Service Platform
Trending news
MoreCrypto prices
More
