CME Group to expand crypto derivatives suite with launch of XRP Futures

CME Group (CME) announced plans to launch XRP futures on May 19, pending regulatory review. Market participants will have the choice to trade both a micro-sized contract and a larger-sized contract.CME Group XRP futures will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of XRP and is calculated daily at 4:00 p.m. London time. XRP futures will join the company’s crypto product suite that includes Bitcoin and Ether futures and options, as well as recently launched SOL futures.