CME's XRP Futures Reach $19 Million in Trading Volume on First Day
CME Group launched XRP futures on Sunday, marking its fourth cryptocurrency product following Bitcoin, Ethereum, and Solana. CME reported that the nominal trading volume on the first day exceeded $19 million. XRP futures offer micro contracts (2,500 XRP) and large contracts (50,000 XRP), both cash-settled and anchored to the CME CF XRP-USD reference rate. Solana futures went live in March with a first-day trading volume of $12.3 million. Hidden Road cleared the first XRP futures trade, and its president, Noel Kimmel, stated, "This is a significant milestone for Hidden Road and marks the continued institutional adoption of digital assets."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Windward Bio (WWB.US) plans to list in the US and aims to raise up to 100 million dollars, with multiple drugs licensed to Chinese pharmaceutical companies.
Windward Bio Group filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) last Friday, aiming to raise up to 100 million dollars.
A Contrarian Amid the Selloff in French Bonds: 370 billion AUD Pension Fund Increases Holdings, Betting That Fiscal Risks Are Overestimated
Australia's second largest pension fund is buying French government bonds. The institution believes that the market has overreacted in pricing France's fiscal predicament and the European Central Bank's interest rate hike outlook.
Bravida Names Caroline Starck Head of Communications for Sweden
Tether is Developing AI-Powered Bitcoin Mining Management Technology! Here are the Details
Crypto prices
More
