XRP Futures Launch on CME May 19th, Paving Way for ETFs and Institutional Growth

Ripple’s cryptocurrency, XRP, has a big day coming up on May 19th: Trading in XRP futures is set to begin on the Chicago Stock Exchange. Ripple CEO Brad Garlinghouse considers this “incredibly important.”

XRP (Ripple) is preparing to gain a prominent presence on traditional US exchanges. The world’s largest derivatives exchange, the Chicago Mercantile Exchange (CME), announced in a press release that it will launch trading in XRP futures on May 19th. Ripple CEO Brad Garlinghouse applauded the move via X: “While this was long overdue for several reasons, it is an incredibly important and exciting step in the continued growth of the XRP market!”

With a market capitalization of nearly $130 billion, XRP is the third largest global cryptocurrency behind Bitcoin and Ethereum. For Bitcoin and Ethereum, the listing of futures on the Chicago Stock Exchange was the final step before the approval of ETFs based on the spot price. The crypto exchange Coinbase has offered XRP futures since the beginning of the week, but certifies them itself. Ripple futures on the Chicago Stock Exchange, on the other hand, are organized in a regulated environment and are therefore also suitable for institutional investors.

Neobroker Robinhood will support XRP futures

According to a statement, the neobroker Robinhood has already announced that it will add the Chicago Stock Exchange’s XRP futures to its portfolio. This will expand its crypto division, a spokesperson said. Robinhood claims to have 24 million customers and has so far limited its trading of Bitcoin and other cryptocurrencies to market-priced pairs. With XRP futures, Robinhood intends to lay the groundwork for a larger futures division. Ripple is likely to view the development favorably, as XRP futures can actually open up new customer groups.

For the Chicago Stock Exchange, XRP futures are the second major debut in the crypto space this year. Solana futures have been tradable there since mid-March and have since made a strong start, with approximately $705 million in investor capital, according to CME. SOL is the number five global cryptocurrency and, like Ripple, hopes that Solana ETFs, like XRP ETFs, are only a matter of time.

Conclusion: XRP Futures for Ripple more than a respectable success

Observers note that until Donald Trump’s election victory last November, Ripple and XRP were aggressively pursued by the US Securities and Exchange Commission (SEC), and listing on regulated exchanges seemed illusory. However, since November, the tide has changed, and XRP has shot up from a price of around $0.50 to well over $2.

Ripple’s legal dispute with the SEC is nearing a peaceful conclusion , and XRP is returning to its former strength. Analysts at Kaiko recently predicted that XRP ETFs have at least as good a chance of being approved as Solana ETFs and believe this is possible by the end of May. The SEC is generally expected to lift its block on crypto ETFs, and that a slew of debuts will occur this year. Skeptics also view XRP futures as a test run to determine whether cryptocurrencies other than Bitcoin and Ethereum will attract greater interest on regulated US exchanges.

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