CME Launches XRP Futures with Strong Offshore Demand

CME Group’s debut of XRP futures has experienced robust offshore trading, exceeding $86.6 million in its first week. This launch signifies a significant global interest in XRP derivatives. Institutional investors now have wider access to engage in XRP markets across various regions. Notably, offshore trading accounted for 46% of total volume during the initial weeks, highlighting the growing demand. Ripple CEO Brad Garlinghouse characterized this as a milestone event, further emphasizing the market’s significance.