CME Group Launches XRP Futures, Driving $1.5 Million in First Day Trading

CME Group initiated trading of XRP futures contracts on October 25, 2023, marking a significant step towards greater institutional engagement with the cryptocurrency. This launch facilitated over $1.5 million in opening day volume as market participants begin to explore this new avenue for investment and hedging strategies. The move signifies an important milestone for XRP as it aims to boost Wall Street access and potentially pave the way for future spot ETFs, though market reactions have been muted so far.