CME's XRP Futures Reach $19 Million in Trading Volume on First Day

CME Group launched XRP futures on Sunday, marking its fourth cryptocurrency product following Bitcoin, Ethereum, and Solana. CME reported that the nominal trading volume on the first day exceeded $19 million. XRP futures offer micro contracts (2,500 XRP) and large contracts (50,000 XRP), both cash-settled and anchored to the CME CF XRP-USD reference rate. Solana futures went live in March with a first-day trading volume of $12.3 million. Hidden Road cleared the first XRP futures trade, and its president, Noel Kimmel, stated, "This is a significant milestone for Hidden Road and marks the continued adoption of digital assets by institutions."