Ripple CEO Hails This New XRP Breakthrough

Ripple CEO Brad Garlinghouse has hailed the CME Group’s recent launch of XRP futures contracts, describing the development as a “key institutional milestone.” In a post shared shortly after the market opened, Garlinghouse revealed that global prime broker Hidden Road cleared the first block trade on CME. The launch of regulated XRP Futures on @CMEGroup marks a key institutional milestone for XRP…and very excited to report that Hidden Road cleared the first block trade on CME at the opening! https://t.co/Njj8AUSY5K — Brad Garlinghouse (@bgarlinghouse) May 19, 2025 Details of the CME XRP Futures Launch Launching these regulated futures contracts represents a significant development in XRP’s market evolution. On May 19, 2025, CME Group introduced cash-settled XRP futures , available in contract sizes of 2,500 and 50,000 tokens, both settled in U.S. dollars. These instruments are based on the CME CF XRP-Dollar Reference Rate, which provides a transparent and standardized pricing mechanism. The new futures are designed to meet growing institutional demand for access to XRP exposure without requiring direct custody of the underlying asset. Regulatory Clarity and Market Confidence According to Giovanni Vicioso, Global Head of Crypto Products at CME, the move to list XRP futures reflects increased market interest and confidence following recent regulatory clarity. He noted that CME doesn’t launch futures for assets without regulatory clarity, and this launch further reinforces XRP’s status as a commodity and not a security. XRP is also among the top traded cryptocurrencies in the market, making it a logical addition to CME’s expanding suite of crypto derivatives. Implications for Institutional Adoption and ETFs Market analysts have linked the XRP Futures to broader institutional acceptance. A popular crypto analyst recently stated that listing XRP on CME lays essential groundwork for potential future products such as a spot XRP exchange-traded fund (ETF). While he cautioned against expecting immediate price rallies, he emphasized that the regulated futures contracts open the door to new forms of liquidity and participation by traditional financial institutions. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Significance of the First Block Trade The clearing of the first block trade by Hidden Road holds symbolic importance, as Ripple recently acquired the global prime broker . This move shows Ripple’s commitment to expanding its institutional reach and infrastructure. The fact that the first such trade on CME occurred through Hidden Road also highlights Ripple’s active role in facilitating institutional engagement with XRP futures from the outset. Looking Ahead As CME’s XRP futures contracts gain traction, their performance will offer insight into the depth of institutional demand for regulated XRP-related products and set the stage for spot XRP ETFs . While long-term effects cannot be determined, the launch marks a new phase in XRP’s integration into regulated financial markets. 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 Hails This New XRP Breakthrough appeared first on Times Tabloid .

Source: TimesTabloid