XRP futures hit $63 billion since CME debut

By TheStreet Roundtable
about 3 hours ago
AMERICA SOL AMERICA XRP GMIX

The Chicago Mercantile Exchange (CME) recently celebrated the one-year anniversary of the launch of XRP futures.

Within a year of their debut, the notional trading volume of these financial instruments has reached approximately $63 billion on the world's largest derivatives exchange as of May 15.

Related: Bank of America discloses exposure to Bitcoin, XRP, Ether, Solana

XRP futures on CME

It was on May 19, 2025, that the CME launched two XRP futures:

Both contracts aim to offer investors exposure to the price of XRP.

An XRP futures contract is a regulated derivatives contract that lets traders speculate on or hedge against the future price of XRP without directly owning the cryptocurrency.

These contracts are cash-settled and tied to the CME CF XRP-U.S. Dollar Reference Rate.

Unlike a spot XRP trade, an XRP futures contract allows traders to open long or short positions, take leveraged positions, and gain crypto exposure through a regulated exchange.

More on XRP:

XRP futures on CME post $63 billion volume in first year

It has now been a year since the launch of XRP futures on the CME.

As per the derivatives exchange, these instruments have posted a notional volume of $62.87 billion as of May 15.

Since the product suite's debut, 1.32 million XRP contracts worth 28.6 billion XRP tokens have been traded.

The figures reflect a huge appetite for XRP among institutional investors looking for outsized returns.

However, XRP has lost 40% of its value within the last year.

The cryptocurrency, which hit the all-time high of $3.65 on Jul 18, 2025, was trading at $1.37 at the time of writing.

Related: Ripple CEO responds to XRP debut on CME

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