Ripple’s XRP has been making headlines repeatedly for its efforts to encourage mainstream adoption. Despite a setback last week on the SEC lawsuit, positive news has kept coming. Today, CME Group is launching the XRP futures ETF, which is yet another milestone for the community. This strategic move is expected to bolster the Ripple Coin’s institutional demand and adoption. CME Group Launches XRP Futures ETF Today: Know Details Today (May 19), the world’s leading derivatives marketplace, Chicago Mercantile Exchange (CME) Group, is launching XRP futures and Micro XRP futures. The platform will debut the futures in two contract sizes: a micro contract covering 2,500 tokens and a larger contract covering 50,000, both based on the CME CF XRP-Dollar Reference Rate. In response to the development, lawyer Bill Morgan stated, these “cash-settled futures contracts” could drive the token’s institutional demand in multiple ways. Bill highlighted the significance of XRP futures for… Read More at Coingape.com

The post CME Group Launches XRP Futures ETF Today, What It Means for Ripple Coin? appeared first on CoinGape.

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