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Futures XRP started trading on the derivatives Chicago Mercantile Exchange (CME) on Monday and became the first regulated futures XRP price tracking
Traders can trade two contracts: 2,500 XRP and 50,000 XRP, which will be settled in cash and at the XRP-Dool reference rate of small and medium-sized enterprises that monitor the price of XRP daily at 16:00 in London.
CME already offers bitcoins
Futures Ethereum and Solan, as well as Bitcoin and Ethereum options. Sol futures group that was launched in mid -March Booked $ 12.3 million in an imaginary daily volume On the first day and closed with an open interest with $ 7.8 million, a much lower number on a modified basis compared to the debut of Ether and Bitcoin Futures.
The XRP price in the last 24 hours has dropped by 3.45%.
The existence of regulated futures could mean a big step in the right direction because it concerns the Fund of the XRP exchange, which is currently reviewed to be approved or rejected by the Securities Commission (SEC). Several US issuers have been filed at the start of such a fund, but they have to receive a decision.
“Futures XRP Traded CME are now *live *,” he wrote President of the ETF Store Nate Geraci on the X. “Cftc-regulated contracts on XRP. Spot XRP ETFS only a matter of time.”
Former Chairman of SEC under the chairman of Gary Gensler had previously told issuers that one of the reasons he had approved Spot Bitcoin and Ethereum ETFS was that the existing regulated Futures market in the US already had a US Futures market
