05.21.2025

First Trades of XRP Futures on CME

05.21.2025
First Trades of XRP Futures on CME

CME Group, the world’s leading derivatives marketplace, announced its new XRP futures are now available for trading. The first trade, a block, took place on Sunday, May 18, and was cleared by Hidden Road.

“We are pleased to see such early support for our latest futures contracts, with more than $19 million in notional volume traded the first day,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. “The addition of XRP and Micro XRP futures to our leading, regulated cryptocurrency suite will provide investors with the deeply liquid, capital-efficient tools they need to support their growing cryptocurrency investment and hedging strategies.”

“We are excited to clear the first block trade in CME Group XRP futures,” said Noel Kimmel, President of Hidden Road and CEO of Hidden Road’s Futures Commission Merchant. “This is a significant milestone for Hidden Road, and the continued institutional adoption of digital assets – particularly in enhancing liquidity and risk management capabilities around XRP. As one of the largest non-bank prime brokers and FCMs, Hidden Road remains focused on delivering seamless global market access and driving innovation at the intersection of traditional finance and digital assets.”

CME Group XRP futures are available in both a micro-sized (2,500 XRP) and a larger-sized contract (50,000 XRP), and are cash-settled to the CME CF XRP-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of XRP and is calculated daily at 4:00 p.m. London time.

Source: CME

“The mission of this platform is to help build the next 1,000 Coinbases.”

Brian Foster, Head of Crypto-as-a-Service at Coinbase, speaks with @marketsmedia about the unification and expansion of our infrastructure and markets platform.

The capital markets media outlet @marketsmedia covered Chainlink x ICE today

ICE, Chainlink to Bring FX & Precious Metals Data Onchain

“Marks a significant milestone on the pathway towards the mainstream adoption of onchain finance.”

Load More

Related articles

  1. The joint venture with Startale will focus on tokenized stocks and real-world assets (RWAs).

  2. Banks' Risk Management Seen as Lagging

    Conservative and overly punitive capital treatment of cryptoassets is misaligned with actual risks.

  3. One Trading has launched XRP/EUR perpetual futures.

  4. Certain crypto and fintech activities will be part of the normal supervisory process.

  5. Basel Committee Consults on Interest-Rate Risk

    Clients need to navigate global uncertainty and shifting views on monetary policy.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.

Close the CTA