CME Group revealed on Tuesday that it launched trading in new XRP Futures contracts, with the first trade group wiped by Hidden Road on Sunday, May 18.
The first day of trading witnessed more than $ 19 million in a default size.
Contracts are offered in two sizes: a small contract of 2500 XRP and a contract greater than 5000 XRP.
They are both cash against the price of the CME CF XRP-Dollar reference, which is calculated daily at 4:00 pm London time.
“We are pleased to see such early support for our last futures,” said Giovanni Ficoyu, the global head of cryptocurrencies at CME.
“The addition of the future XRP and Micro XRP to the leading organized encrypted currency group will provide investors with the deep and effective liquid tools they need.”
Noel Kimmel, president of Hidden Road, who has cleared the first trade, described the launch of an “important milestone” of the institutional adoption of digital assets.
He said: “We are excited to clarify the first CME Group XRP futures futures, adding that the continued adoption of digital assets is” enhancing liquidity capabilities and risk management around XRP. “
Kimmel added: “As one of the largest non -bankers and FCMS, Hidden Road is still focusing on providing smooth global access to the market and leading innovation at the intersection of financial financial assets and traditional digital assets. “