CME Group (CME) said Thursday it will debut an expanded crypto-currency derivatives suite allowing market participants to trade XRP futures beginning May 19, pending regulatory approvals.
The new contracts will trade in two sizes, a micro-sized contract consisting of 2,500 XRP and a larger 50,000-XRP contract. The futures will be cash-settled using the CME CF XRP-Dollar Reference Rate calculated daily at 4 pm in London.
CME previously introduced futures and options trading for Bitcoin and Ethereum, and more recently, launched a SOL futures contract.
CME shares were almost 2% chigher in recent trading.
Price: 266.17, Change: +4.69, Percent Change: +1.79
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.