Ripple CEO Brad Garlinghouse has applauded the launch of regulated XRP futures on CME Group, calling it a pivotal moment for institutional adoption of the token.
“The launch of regulated XRP Futures on @CMEGroup marks a key institutional milestone for XRP,” Garlinghouse posted on X. He also noted that Hidden Road executed the first block trade at CME’s opening.
CME Officially Launches XRP Futures
Earlier today, CME Group confirmed that its long-awaited XRP futures contracts—both standard and micro versions—are now live. This launch gives institutional traders a way to gain exposure to XRP without holding the token directly.
The product has been in high demand, with months of anticipation building around its debut. Now, XRP joins Bitcoin and Ethereum on CME’s list of regulated crypto futures.
Institutional Access Without Direct Ownership
XRP futures allow outright trading, enabling investors to buy or sell contracts based on XRP’s price without needing to own the actual asset. This lowers risk and increases access for major financial players.
With this launch, XRP takes a big step toward mainstream recognition in regulated markets.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/xrp-futures-launch-on-cme-marks-major-milestone-says-ripple-ceo/