1 month ago
CME Group is rolling retired XRP futures connected May 19th arsenic it continues to grow its suite of cryptocurrency products, the world’s largest derivatives exchange, said successful a press release.
Pending regulatory approval, traders volition beryllium capable to commercialized 2 declaration sizes: 2,500 XRP and 50,000 XRP. The contracts volition beryllium cash-settled and based connected the CME CF XRP-Dollar Reference Rate, which tracks XRP’s terms regular astatine 4:00 p.m. London time.
“As innovation successful the integer plus scenery continues to evolve, marketplace participants proceed to look to regulated derivatives products to negociate risks crossed a wider scope of tokens,” Giovanni Vicioso, planetary caput of cryptocurrency products astatine CME Group, said.
“Interest successful XRP and its underlying ledger (XRPL) has steadily accrued arsenic organization and retail adoption for the web grows, and we are pleased to motorboat these caller futures contracts to supply a capital-efficient toolset to enactment clients’ concern and hedging strategies.”
The determination comes aft CME launched Solana (SOL) futures successful March successful summation to bitcoin (BTC) and ethereum (ETH) futures and options which person been trading connected the speech for a while.
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