ZyCrypto 2025-04-26 18:11:13

XRP Bagging Major Booster for $6 XRP Price Following CME Group’s New Futures Product

Derivative marketplace CME Group will launch XRP Futures on May 19, citing growing demand for crypto investment products. The institutional appetite for XRP continues to soar in Q2 2025, as a possible spot ETF approval nears in the United States. On the flip side, crypto short-term volatility dragged down sentiments, although bulls target a new rally above the $6 mark. XRP Bags Major Booster In a recent announcement, the company rolled out plans to launch the XRP product. This year, several firms have turned to XRP, making the asset an institutional favorite . CME Group’s product will give traders the option of a micro-sized and a large-sized contract. The former will consist of 2,500 XRP while the latter includes 50,000 XRP. The product will be cash-settled, integrating the CME CF XRP-Dollar Reference Rate. This marks another addition to CME’s growing crypto suites. The firm currently has Bitcoin (BTC), Ether, and Solana (SOL) options as digital asset adoption hits new levels. Investor demand in Q1 2025 underscores the need for more products. Last quarter saw a 141% increase in daily contracts worth $11.8 billion. Average open interest is up 83% year-over-year, while 43,000 SOL futures have been traded since March 17. Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, highlighted the impact of innovation on evolving markets and the need for more products. “ Interest in XRP and its underlying ledger (XRPL) has steadily increased as institutional and retail adoption for the network grows, and we are pleased to launch these new futures contracts to provide a capital-efficient toolset to support clients’ investment and hedging strategies, ” he added. Positive reactions from the crypto market trailed the news, with XRP bulls setting sights on a higher price point. This is hinged on new fund flows as well as present soaring sentiments. Market Execs Point to Growing Adoption Financial market executives have lauded the move, highlighting the need to expand retail access to futures. JB Mackenzie, Robinhood’s Futures VP, wrote that customers have shown increased demand for new products, pledging wider crypto futures in addition to spot offerings. Sal Gilberte, the CEO of Teucrium, stated that the proposed CME Group listing is another milestone in the XRP ecosystem. He added that the asset has real financial use cases, among which is facilitating global transfers through the efficient XRP Ledger. Recently, Gilberte doubled down on his positive XRP stance after the firm launched the 2x Daily Long XRP ETF.

La maggior parte ha letto le notizie

Investors Brace for XRP Price Surge as Demand...
2025-04-27
Can Bitcoin Turn Small Bets Into Millions Lik...
2025-04-27
This Coin Could Be the Best Cheap Crypto to B...
2025-04-27
Bitcoin price chart looks set for $100K, SUI,...
2025-04-27
Michael Saylor’s Strategy Could Tighten Bitco...
2025-04-27
'Strategy is synthetically halving Bitcoin' —...
2025-04-27
Experienced Analyst Says “Bullish Reversal Ha...
2025-04-27
DeFi Roars Back: Total Value Locked Jumps Pas...
2025-04-27

https://www.digistore24.com/redir/325658/ceobig/

Notizie correlate

Solana Treasury Company Defi Development Corp Want...
27 Apr 2025
PIMCO Warns of Risks to the Dollar’s Global Reserv...
27 Apr 2025
Can $580 Turn Into $1.9 Million? Bitcoin, MAGACOIN...
27 Apr 2025
Older Americans Hit Hard by Crypto Scams, FBI’s IC...
27 Apr 2025
Here’s what happened in crypto today
27 Apr 2025
Bitcoin’s Recent Gains May Signal Potential Rallie...
27 Apr 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta