CME Group is set to launch cash-settled XRP futures on May 19, pending regulatory approval, enhancing its cryptocurrency derivatives offerings. The new contracts will be available in two sizes: 2,500 XRP and 50,000 XRP, and will settle based on the CME CF XRP-Dollar Reference Rate, which tracks the price of XRP daily at 4:00 p.m. London time. This follows the recent introduction of Solana futures by CME and signifies an increasing institutional demand for regulated XRP exposure. Giovanni Vicioso, global head of cryptocurrency products at CME, noted the rising interest in XRP and its ledger as both institutional and retail adoption increase. This launch aims to provide a capital-efficient toolset for investment and hedging strategies in the evolving digital asset landscape.

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