Picture this: the august CME Group, that venerable playground for high-stakes financial tomfoolery, has set its sights on launching XRP futures on the rather auspicious date of May 19, 2025. One can almost hear the faint clinking of digital coins already.
According to the chaps who run the show, these newfangled XRP futures will arrive in two deliciously distinct flavours: bite-sized contracts of 2,500 XRP and the more ambitious, gargantuan contracts of 50,000 XRP. Talk about options—like choosing between a dainty cucumber sandwich and the entire buffet at Blandings Castle.
The news comes hot on the heels of CME’s debut of SOL futures, not to mention their earlier pioneering escapades with Bitcoin and Ethereum contracts. Now they’ve put on their spectacles and peered quizzically at the horizon, teasing us with spot-quoted futures for BTC and ETH set to roll out, alongside top equity indices on June 30, 2025. Financial carnivals these chaps run!
“Interest in XRP and its underlying ledger has been growing steadily—almost like that weed in Aunt Agatha’s garden,” remarked Giovanni Vicioso, CME’s global head of cryptocurrency products and an apparent enchanter of all things crypto. “We’re thrilled to unveil these futures contracts to help clients juggle their investments and hedge their bets with a capital-efficient toolkit.”
Now, hold your monocles, because these XRP futures won’t involve any awkward boxcar trading—no sir—they will be cash-settled using the CME CF XRP-Dollar Reference Rate. This rate, much like a dependable butler, will be calculated daily and put to bed promptly at 4:00 p.m. London time.
Meanwhile, the ever-jolly Robinhood gang, that cheeky app beloved by retail traders everywhere, is eager to roll out the red carpet for CME’s XRP futures. J.B. Mackenzie, their vice president and general manager, chuckled,
“Introducing CME Group XRP futures to Robinhood users is but a natural dance step in our grand quest to broaden the horizons of retail futures trading. Our customers have shown a fondness for digital assets, and soon they’ll be spoiled silly with an even wider smorgasbord of crypto futures to accompany Robinhood’s existing spot crypto shenanigans.”
As for Robinhood’s ambitions? They’re planning to balloon their futures collection to over 40 products. Quite the party, wouldn’t you say? Here’s hoping your portfolio has a keen sense of rhythm. 💃📈
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2025-04-24 18:15