XRP Futures Hit $25.6 Million in Volume in the First Two Days on CME 📈
XRP futures trading on CME Group has reached a notional volume of $25.6 million in its first two days, signaling a robust entry into regulated derivatives markets. Despite this surge, XRP's price remains below $2.50, with a 7% drop over the past week.
CME's offering includes standard and micro contracts, with hundreds of contracts traded by May 20, totaling millions of XRP. The trading activity far exceeded Solana's earlier debut and outshines the initial launches of Bitcoin and Ethereum futures.
Cash-settled and closely linked to the spot market, CME's XRP futures hint at a stable pricing outlook. The absence of premium or discount suggests trader expectations for short-term stability.
The successful launch underlines the growing institutional interest in XRP, especially after recent regulatory clarity around Ripple's operations, potentially paving the way for further growth.
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