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COINTURK NEWS > Ripple (XRP) > XRP Rockets to Third Place with CME’s Launch of Futures Contracts
Ripple (XRP)

XRP Rockets to Third Place with CME’s Launch of Futures Contracts

In Brief

  • XRP reaches the third position in market capitalization, surpassing Tether.

  • CME Group launches XRP futures with distinct contracts for diverse investors.

  • ETF rumors and futures launch contribute to XRP's recent market rally.

İlayda Peker
İlayda Peker 3 days ago
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XRP has recently taken the spotlight in the cryptocurrency market by climbing to the third position in market capitalization. According to CoinMarketCap, its market value surged to $151 billion, surpassing Tether. Despite a 2.5% price rise in the last 24 hours, its trading volume dropped by 43%, settling at $6 billion. The announcement by CME Group to commence XRP futures on May 19 has stirred excitement in the market.

Contents
CME’s Dual Strategy for XRP FuturesRise Under ETF Rumors and Technical Errors

CME’s Dual Strategy for XRP Futures

The global exchange giant, CME Group, is introducing two distinct contracts for XRP futures, catering to both individual and institutional investors. Micro contracts will trade at a size of 2,500 XRP, while standard contracts will be at 50,000 XRP. Micro contracts focus on risk management for small investors with lower margin requirements, while standard contracts offer liquidity and narrow spread advantages. Both products will be cash-settled, eliminating the need for physical token delivery.

This move by CME Group aligns with the increasing institutional involvement in the digital asset ecosystem. Giovanni Vicioso, CME’s Global Head of Cryptocurrency Products, emphasized that the new contracts aim to provide capital efficiency to investors and assist them in optimizing their strategies. This initiative is a step towards strengthening XRP’s acceptance in the financial markets.

Rise Under ETF Rumors and Technical Errors

Recent price movements in XRP have been attributed to circulating rumors about potential ETF (exchange-traded fund) approvals. The surge in ETF applications in recent months reignited investors’ interest in XRP. However, experts believe that the launch of futures could stabilize price fluctuations.

CME’s decision comes after a technical glitch in January, where the platform mistakenly announced XRP and SOL futures on its website, causing brief chaos. Bloomberg analyst James Seyffart commented on the mistake as “anticipated.” The official launch of the new products received a positive reception from market participants.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 14 May, 2025 - 10:32 am 14 May, 2025 - 10:32 am
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