There is great news for XRP holders – Chicago Mercantile Exchange (CME) has officially announced that it will launch XRP futures that start on May 19. These new future contracts will be available in both large contracts and small size, giving traders more flexibility and accuracy in their exposure to XRP.
This step is a great milestone for XRP, as CME is one of the most reliable and organized future stock exchanges in the world. While XRP futures were launched on platforms like Coinbase and Bitnomial, these are relatively young players compared to CME.
Many experts believe that this development is an essential step towards the long -awaited approval on ETF Spot Spot. The US Securities and Exchange Committee (SEC) often looks at CME as a golden standard when looking at future contract markets, and the presence of the XRP future there strengthens ETF condition.
Ripple Brad Garlinghouse’s CEO’s reaction to the advertisement, describing him as “incredibly important and exciting step in the continuous growth of the XRP market”, although he admitted that he had long been late.
Looking at the future, there is increasing speculation that SEC can agree not only on ETF Spot Spot but perhaps from Solana ETF and others by later this year. With Paul Atkins recently as a secret chair in SEC and a more prominent position than the agency on the agency, analysts believe that there is a great opportunity for ETF approvals by Q2 or Q3 2025.
If these resignation boxes get green light, they may mark a major turning point for the growth of the XRP market and their adoption on a wider scale.
