CME Group to Expand Crypto Derivatives Suite with Launch of XRP Futures

Rhea-AI Summary

CME Group has announced the launch of XRP futures on May 19, 2025, expanding its cryptocurrency derivatives suite. The offering will include both micro-sized (2,500 XRP) and larger-sized (50,000 XRP) contracts, cash-settled based on the CME CF XRP-Dollar Reference Rate.

The launch comes amid strong crypto trading performance, with Q1 highlights showing:

• Average daily volume of 198,000 contracts ($11.3 billion notional), up 141% year-over-year
• Average open interest of 251,000 contracts ($21.8 billion notional), up 83% year-over-year
• Over 43,000 SOL futures ($705 million notional) traded since March 17

Robinhood will offer these XRP futures to retail traders, while Teucrium's 2x Daily Long XRP ETF (XXRP) has already reached $35 million in AUM within its first 10 trading days, demonstrating strong investor demand for regulated XRP products.

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CHICAGO, April 24, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced plans to launch XRP futures on May 19, pending regulatory review. Market participants will have the choice to trade both a micro-sized contract (2,500 XRP) and a larger-sized contract (50,000 XRP).

"As innovation in the digital asset landscape continues to evolve, market participants continue to look to regulated derivatives products to manage risks across a wider range of tokens," said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. "Interest in XRP and its underlying ledger (XRPL) has steadily increased as institutional and retail adoption for the network grows, and we are pleased to launch these new futures contracts to provide a capital-efficient toolset to support clients' investment and hedging strategies."

CME Group XRP futures will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of XRP and is calculated daily at 4:00 p.m. London time.

XRP futures will join the company's crypto product suite that includes Bitcoin and Ether futures and options, as well as recently launched SOL futures. Q1 trading highlights for crypto futures and options on futures include:

• Average daily volume of 198,000 contracts ($11.3 billion in notional), up 141% year-over-year
• Average open interest of 251,000 contracts ($ 21.8 billion in notional), up 83% year-over-year
• Additionally, more than 43,000 SOL futures ($705 million in notional) have traded since launch on March 17

"Bringing CME Group XRP futures to Robinhood is a natural next step in our mission to expand retail access to futures trading," said JB Mackenzie, VP and GM of Futures and International at Robinhood. "Our customers have shown a deep interest in digital assets, and they will soon be able to access an even wider variety of crypto futures to complement Robinhood's existing spot crypto offerings. Soon, customers will be able to trade 40 futures products on Robinhood using our one-of-a-kind mobile trading ladder, giving them the speed and precision typically reserved for institutional traders."     

"XRP was purpose-built for real financial use cases and today facilitates global value transfers through the fast, low-cost XRP Ledger," said Sal Gilbertie, CEO of Teucrium. "The Teucrium 2x Daily Long XRP ETF (XXRP), reached $35 million in AUM in its first 10 trading days — highlighting strong investor demand for regulated access to leading digital assets. The listing of regulated XRP futures by CME Group marks another milestone in the ecosystem's evolution, and we intend to be active participants in supporting that growth."

XRP futures will be listed on and subject to the rules of CME. For more information on these products, please visit: www.cmegroup.com/xrp.

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

CME-G

 

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SOURCE CME Group

FAQ

When will CME Group launch XRP futures trading?

CME Group will launch XRP futures trading on May 19, 2025, pending regulatory review.

What contract sizes will CME offer for XRP futures?

CME will offer two contract sizes: a micro-sized contract of 2,500 XRP and a larger-sized contract of 50,000 XRP.

How much trading volume did CME's crypto futures achieve in Q1 2025?

CME's crypto futures reached an average daily volume of 198,000 contracts ($11.3 billion in notional), representing a 141% increase year-over-year.

How will CME Group's XRP futures be settled?

The XRP futures will be cash-settled based on the CME CF XRP-Dollar Reference Rate, calculated daily at 4:00 p.m. London time.

Which platforms will offer trading access to CME's XRP futures?

Robinhood will offer retail access to CME's XRP futures through their mobile trading platform, alongside their existing spot crypto offerings.