Chicago Mercantile Exchange (CME) Group to launch XRP futures 🚀
The Chicago Mercantile Exchange (CME) Group will launch XRP futures on May 19, with options for micro-sized or standard contracts. All contracts will be cash-settled, signifying a broader acceptance of cryptocurrencies in institutional finance.
This follows the debut of Solana futures in March and indicates a growing trend of crypto-focused financial products entering the market.
Additionally, asset manager Canary Capital has sought SEC approval for a staked Tron ETF, while Crypto.com and Trump Media aim to launch an ETF tracking US crypto projects.
Despite regulatory hurdles, over 70 crypto ETF applications are under review, suggesting increasing institutional interest.
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