“Early Reporting Data From Cmened A Volume of 4 for Standard Contracts and 106 for Micro Contracts.”, – WRITE: www.coindesk.com
- XRP Futures Contracts Began Trading on CME Group’s Derivatives Platform, Recording $ 1.5 Million in Trading Volume on the First Day.
- The Contracts Are Cash-Settled and Benchmarked to the CME CF XRP-Dollar Reference Rate, Offering Flexibility for Various Tradegies.
- The Launch Follows the CFTC’s Classification of XRP As A Commodity, Paving The Way for Potential Spot Xrp Etfs.
The Contracts Are Cash-Settled and Benchmarked to the CME CF XRP-DOLLAR REFERENCE RATE, WHICH IS PUBLISHED Daily at 4:00 PM London Time. CME’S DUAL CONTRACT STRUCTURE IS DESIGNED TO ATTRACT BOTH INSTITUATION PLAYERS AND SMALLER PARTICIPants, Offering Flexibility for Various Hedging and Trading Strategies.
“The Launch of Regulated Xrp Futures on @CmeGroup Marks a Key Institutional Milestone for XRP,” Ripple CEO Brad Garlinghouse Posted on X on Moday. He added that hidden road executed the first block trade.
The Listing Follows the CFTC’s Classification of XRP As A Commodity, A Regulatory Green Light That Cleed the Path for Cme to Offer Tese Products.
Analysts Say The Debut Could Also Strengten the Case for a Spot Xrp etf, with etf Store President Nate Geraci Saying Such A Product Is “Only a Matter of Time.”
While Early Volumes May Appear Modest, Xrp’s Inclusion on cme Widens Market Dynamics for the major US Market Opens.
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