Getting Started with XRP Futures on CME: What to Know

Xrp Futures Contracts Start Trading On Cme

20 May 2025 at 08: 01

Reading time: 2 minutes

XRP futures hit the Chicago Mercantile Exchange’s (CME) derivatives platform on Monday, marking a significant step toward regulating XRP trading in the United States. For the first time, regulated futures that track the price of XRP are available, and it could have significant implications for the digital currency’s wider adoption.

Traders have two contract sizes to choose from: 2.500 XRP and 50.000 XRP. Both contracts are cash-settled and based on the SME CF XRP-Dollar Reference Rate, which tracks the price of XRP daily at 16pm London time. This introduction of XRP futures marks a milestone, especially as CME already offers a range of other futures and options, including those for bitcoin, ethereum and SolanaInterestingly, the SOL futures, which launched in mid-March, only recorded $12,3 million in notional daily volume on their first day of trading, compared to the launch of ether and bitcoin futures.

The price of XRP has seen a 24% drop in the past 3,45 hours, raising the question of whether the advent of regulated futures could be a factor influencing the approval of a spot XRP exchange-traded fund (ETF), which the Securities and Exchange Commission (SEC) is currently considering. A number of US parties have filed applications to launch such a fund, but no decision has been made so far.

The CME-traded XRP futures are live,, and that gives hope for the future. It seems only a matter of time before the spot XRP ETF gets a chance, especially now that there is a regulated futures market in the United States. This was one of the reasons the SEC, led by Gary Gensler, previously cited when approving the spot bitcoin and ethereum ETFs.

Frequently Asked Questions

What are the XRP futures currently available on the CME?
XRP futures are regulated contracts that track the price of XRP and are available in two sizes: 2.500 XRP and 50.000 XRP, both cash-settled.

What does the launch of XRP futures mean for XRP trading?
The launch of XRP futures marks an important development that could contribute to the legitimacy and adoption of XRP, and could potentially influence the approval of a spot XRP ETF.

Why is spot XRP ETF approval important?
A spot XRP ETF would significantly increase the accessibility of XRP to investors and could boost demand for the token, which in turn could promote liquidity and stability in the market.

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