CME announced plans to launch XRP futures on May 19, which will take effect after regulatory review is approved

PANews reported on April 24 that according to the PR News Agency, CME Group announced today that it plans to launch XRP futures on May 19, which will take effect after regulatory review is approved. Market participants will have the option to trade microcontracts (2,500 XRP) and larger contracts (50,000 XRP). CMEX's XRP futures will be settled in cash and based on the Chicago Mercantile Exchange CF XRP-USD reference exchange rate, which is the daily reference exchange rate for the XRP USD price, calculated at 4:00 pm London time every day. XRP Futures will join the company's suite of crypto products, including Bitcoin and Ethereum futures and options, as well as the recently launched SOL Futures.