XRP futures were officially launched on the Chicago Commercial Stock Exchange (CME) on May 19, and has achieved trading worth $ 1.5 million during the first day, amid a clear interest from traders in standard and partial contracts, as this launch represents a new station in the XRP path towards integration into organized financial systems.
A strong activity in the first trading session
The first session witnessed the circulation of four records, with a nominal value estimated at 480 thousand dollars, as each contract covers 50 thousand units of XRP at an average price of $ 2.40.
In addition to that, 106 small contracts were implemented, each of which is linked to 2500 XRP units, and its total value amounted to about one million dollars, and these contracts are settled in cash depending on the daily reference price issued by CME at three o’clock in the UTC time, which provides a level of transparency in line with organizational standards.
An organizational decision paves the way for the road
The decision to include contracts came after the classification of XRP as a commodity by the American Futures Trading Authority, which allowed CME to provide XRP derivatives under a clear organizational umbrella, and this step enhances the position of the digital currency in traditional financial markets, and opens the door to entering new institutional capital.
Excellence on decentralized platforms
On its first day, the XRP futures on CME exceeded the daily trading volumes witnessed by decentralized trading platforms such as DYDX, while approaching the numbers registered on global platforms such as Bitmex and HT.
According to data from the Coinglass platform, Bitmex recorded trading of about $ 19.3 million, while HTX trading reached about $ 20.9 million for XRP contracts on the same day, and this performance indicates a real institutional demand, especially in light of an organized trading environment.
Praise
For his part, CEO of Ripple, Brad Garlinghyus, described the launch of contracts as a “institutional achievement” of the digital currency, and indicated that the broker Hidden Road implemented the first bloc deal at the opening of the session, which reflects the main interest of the brokers in engaging in the circulation of these derivatives.
Increased hopes about ETF immediate for XRP
Futures launch reinforced expectations that the possibility of approval will soon be approved on an immediate trading fund (ETF) depends on XRP, and many analysts believe that the presence of listed and organized contracts on the CME exchange raises the chances of accepting the ETF funds by the US Securities and Exchange Authority (SEC), and the president of ETF Store Nate Girassi expressed this opinion by saying that it has become a “issue of time”, while analysts confirmed Bloomberg is that there are currently eight active requests to be reviewed.
The ratio of approval of ETF was 65% last February, while the data of the Polymarket platform indicates that there is a possibility of 84% for the launch of the ETF approved for XRP during the year 2025, and these indicators reflect a state of optimism within the market, driven by the increasing integration between XRP and traditional financial infrastructure.
Major companies seek to launch XRP ETF boxes
A number of prominent financial institutions have applied for the launch of instant XRP boxes, and many of these requests have been officially recognized by SEC this year, and these institutions include BitWise, Canary Capital, 21shares, Wisdomtree, Grayscale, Proshares, Rexshares, in addition to the CBOE BZX Stock Exchange, diversity Names reflect an increasing interest from traditional asset management companies by integrating digital currencies into their investment offers.
Each of these companies follows different strategies, but the common goal is to meet the increasing institutional demand for organized digital products amid a clear desire from the market to obtain investment tools that facilitate exposure to digital currencies in a legal and safe way.
