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CME Group announced plans to launch XRP futures on May 19, pending regulatory review.
PANews April 24 news, according to PR Newswire, the Chicago Mercantile Exchange (CME Group) announced today that it plans to launch XRP futures on May 19, pending regulatory review. Market participants will be able to choose to trade micro contracts (2,500 XRP) and larger contracts (50,000 XRP). CME's XRP futures will be cash-settled and based on the CF XRP-USD reference rate from the Chicago Mercantile Exchange, which serves as the daily reference rate for the XRP dollar price, calculated daily at 4:00 PM London time. XRP futures will join the company's encryption product suite, which includes Bitcoin and Ethereum futures and options, as well as the recently launched SOL futures.