Ripple CEO States What This Big Announcement Will Do For XRP

Ripple’s CEO, Brad Garlinghouse, has expressed significant optimism about the upcoming launch of XRP futures on CME Group, calling it “incredibly important.” Garlinghouse views this as a major development in the expansion of the XRP market, emphasizing its role in bolstering its overall growth and maturity within the financial sector. CME Group, a key player in the global derivatives market, announced that it will officially launch XRP futures on May 19, 2025. While CME is not the first entity to offer regulated XRP futures, it is undoubtedly the most influential. The community has anticipated this move for months as enthusiastic community members found the Beta website in January. Given CME’s dominant position in the market, introducing this product marks a pivotal moment for XRP, one that is expected to draw considerable attention from institutional investors and market participants alike. While overdue in a bunch of ways, this is an incredibly important and exciting step in the continued growth of the XRP market! https://t.co/mnwJXKH5hi — Brad Garlinghouse (@bgarlinghouse) April 24, 2025 CME Group’s Market Position and Significance CME Group’s influence in the cryptocurrency market is substantial. CME currently holds the largest share of Bitcoin futures open interest, with over 21% of the $65 billion market. This places CME ahead of other crypto-native exchanges such as Binance and OKX, showcasing its established presence and credibility in the digital asset space. This strong market position gives added weight to the launch of XRP futures, as CME’s influence is expected to bring greater legitimacy and exposure to XRP as an asset class. CME’s entry into the market for XRP futures follows a series of important milestones for the exchange in the crypto derivatives space. In January 2018, CME Group launched Bitcoin futures, marking a key moment in the cryptocurrency market’s development, though it coincided with the onset of a major bear market. More recently, in February 2021, CME introduced Ethereum futures. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 More Exciting News for the XRP Community The introduction of regulated futures for XRP addresses a significant barrier that has long impeded the approval of a spot-based XRP exchange-traded fund (ETF) in the U.S. The lack of regulated futures products for XRP was previously seen as a key obstacle by regulators, particularly the U.S. Securities and Exchange Commission (SEC). CME’s upcoming product and Bitnomial’s recent product launch have increased the chances of a spot XRP ETF receiving approval from the SEC in 2025. Given the regulator’s increasing openness to cryptocurrency products, the approval of an XRP ETF appears imminent. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CEO States What This Big Announcement Will Do For XRP appeared first on Times Tabloid .

Source: TimesTabloid