XRP Futures is coming, CME Group expands institutional adoption of tokens
May 19 will become an important day for the XRP market, as an official press conference will be held on this day. This move reflects the growing enthusiasm of major financial platforms for XRP adoption.
CME Group will officially launch XRP Futures on May 19, marking an important milestone for institutional investors in the development of the XRP market. The release date was officially announced by Futures Exchange, highlighting key progress in the XRP market.
This action is carried out in the context of XRP adoption by major financial platforms. CME had confirmed that it would increase XRP futures a few weeks ago.
This confirmation comes after CME's recent launch of Solana Futures, showing the exchange's interest in expanding its products beyond Bitcoin and Ethereum.
Early reports on futures products appeared on the CME platform’s beta page and were later clarified as testing artifacts. Nevertheless, the confirmed release indicates that CME is advancing its new crypto derivatives program.
Futures products will be positioned along with other leading digital asset trading tools provided by CME.
As early as July 2023, CME launched the XRP price reporting index, laying the foundation for this development. This move marks CME's start to participate more directly in the XRP market, paving the way for a wider range of institutions to enter the token.
The above is the detailed content of XRP Futures is coming, CME Group expands institutional adoption of tokens. For more information, please follow other related articles on the PHP Chinese website!
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