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CME Group, the largest derivatives exchange in the world, has announced plans to launch XRP futures on May 19, pending regulatory approval. This represents a significant addition to its crypto product line, given that both retail and institutional investors are witnessing and experiencing increasing interest in XRP and XRPL.

Interest in XRP and its underlying ledger has steadily increased. These new futures will provide a capital-efficient way for investors to hedge and gain exposure."

The new XRP futures contracts will also come in two sizes: a micro contract equivalent to 2,500 XRP and a 50,000 XRP contract. Both contracts will be cash-settled based on the CME CF XRP-Dollar Reference Rate to be calculated daily at 4:00 p.m., London time.

This announcement follows CME's increased momentum in the crypto space. The exchange has averaged 198,000 contracts traded daily, or approximately $11.3 billion notional, a 141% increase compared to Q1 2024. Open interest increased 83% to $21.8 billion, and there was $705 million in volume since launching SOL futures in March.

Robinhood will also go live with CME's XRP futures , bringing them onto its rapidly growing futures platform. “Retail access to diverse crypto futures is core to our mission,” said JB Mackenzie, VP at Robinhood, said.

At the same time, Teucrium's CEO, Sal Gilbertie, highlighted the real-world use case of XRP, stating that the firm's leveraged XRP ETF saw $35 million in assets within 10 days — demonstrating the rallying investor demand for institutional-grade XRP exposure.