CME Group Praises XRP’s Utility: Utility as Driver Behind New Futures Listings

CME Group has lauded Ripple’s XRP token, highlighting its significant utility and potential for driving growth in the cryptocurrency market. In a recent interview with futures trading expert Anthony Crudele, Tim McCourt, CME Group’s executive, acknowledged the strong use case of XRP. He cited the token’s high transaction speed on the XRP Ledger (capable of processing 1,500 transactions per second) and its active spot market presence as key drivers behind the recent launch of XRP futures contracts.