CME Group to Launch XRP Futures in October: Boost for Institutional Investment

The CME Group has announced plans to launch XRP futures next month, further solidifying the cryptocurrency derivatives market’s growth and reflecting increasing institutional interest in the XRP Ledger (XRPL). This move follows a strategic expansion by the CME Group into the world of cryptocurrencies. Giovanni Vicioso, Global Head of Cryptocurrency Products at the CME Group, highlighted that increased adoption from both retail and institutional investors has fueled this growing interest, emphasizing the new futures contracts as a tool to support investment and hedging strategies.