PANews reported on April 24 that according to PR Newswire, CME Group announced today that it plans to launch XRP futures on May 19, which will take effect after regulatory review. Market participants will have the choice of trading micro contracts (2,500 XRP) and larger contracts (50,000 XRP). CME's XRP futures will be settled in cash and based on the Chicago Mercantile Exchange CF XRP-USD reference rate, which serves as the daily reference rate for the XRP USD price and is calculated at 4:00 pm London time every day. XRP futures will join the company's suite of crypto products, which includes Bitcoin and Ethereum futures and options, as well as the recently launched SOL futures.
CME Group announces plans to launch XRP futures on May 19, pending regulatory review
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