CME Group has announced the launch of futures on the XRP token scheduled for May 19. This event drew attention following a leak concerning a test page on the company's site.
Confirmation of Futures Launch
CME Group has officially confirmed the launch of XRP futures, set to go live on May 19. The confirmation came in response to the leak of a test page on the official website. CME later clarified that the page was part of an internal beta test.
Regulatory Milestones and Market
In March, Bitnomial became the first U.S.-regulated exchange to launch XRP futures, showcasing market readiness for such derivatives. CME Group's entry into the XRP derivatives market confirms institutional interest in trading this token.
Impact on XRP's Value
At the time of reporting, XRP was priced at $2.56 according to CoinGecko. Market analysts have drawn comparisons to Bitcoin's peak values in 2018, shortly after the launch of Bitcoin futures. CME Group's participation could bolster investor confidence in XRP as a tradable asset.
The launch of XRP futures by CME Group marks an important step towards regulated cryptocurrency products, potentially impacting the token's value and institutional interest.
