CME Group initiates new futures contracts based on payments Altcoin XrpTo.
A market giant of derivative instruments says a new announcement The fact that it triggers an XRP-based futures contract worth 2500 xRP and a larger size of 50,000 xRP.
The launch date is scheduled for May 19, but the company notes that both contracts are still in progress.
Giovanni Vicioso, the global manager of CME cryptocurrencies, says that the new product introduction is due to the growing customer's demand for products regulated by digital assets.
“The interest in XRP and its underlying ledger (XRPL) has steadily increased as the institutional and retail sales of the network are growing, and we are pleased to conclude these new futures contracts to provide a capital -air tool kit to support customer investments and risking strategies.”
CME group first triggered Bitcoin (Btc) Future in 2020 and Ethereum (Eth) futures In 2022 and in March the market added Solana (Salt)-based contracts. Financial Services Company Futhors Products started rolling out On the giant Robin Hood of Retail in January.
XRP trades at a price of $ 2.19 at the time of writing. Fourth -place cryptocurrency market ceiling has fallen by more than 1.5%over the last 24 hours, but has risen by almost 6%over the past week.
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