CME Group to Debut XRP Futures Following Solana Launch

CME Group on Thursday said it would introduce XRP futures on its derivatives marketplace for clients next month.

The new product will allow clients to trade both a micro-sized contract of 2,500 XRP, and a larger-sized contract of 50,000 XRP.

XRP is the fourth biggest cryptocurrency by market cap and was recently trading for $2.19 per coin after a 4% 24-hour dip, according to CoinGecko.

CME Group is the world's biggest derivative marketplace. Futures are a type of contract allowing an investor to buy or sell the underlying asset at a given price at a predetermined expiration date.

This story will be updated. 

Edited by James Rubin