CME's XRP Futures Surpass Solana with $19 Million Trading Volume on First Day

On the 19th, the largest derivatives exchange in the United States, CME Group, officially commenced its futures trading services for XRP, a cryptocurrency associated with Ripple. This marks it as the fourth cryptocurrency product following Bitcoin, Ethereum, and Solana, with an initial trading volume reaching $19 million (approximately 2.7 billion yen). The newly introduced XRP futures are available in two contract sizes, small (2,500 XRP) and large (50,000 XRP), and they utilize a cash settlement system based on the CME CF XRP US Dollar Reference Rate. Giovanni Biscione, the Global Head of Cryptocurrency Products at CME Group, stated that the addition of XRP futures enhances the liquidity options available to investors...