XRP Futures Set New Record on CME With $235M in Trading Activity

XRP Futures Volume Hits Record $235M on CME Amid Rising Institutional Interest

XRP futures trading on the Chicago Mercantile Exchange (CME) soared to a record $235 million in daily volume on Friday, signaling accelerating institutional interest in the payments-focused cryptocurrency.

The milestone includes volume from both standard and micro futures contracts, bringing total trading activity since the product’s launch on May 19 to $1.6 billion, according to CME Active Trader.

“The record underscores the rapidly growing demand in our new XRP futures suite,” CME Active Trader noted on X.

Known for offering regulated access to digital assets, CME remains a favored platform for institutional investors looking to gain crypto exposure without taking direct ownership. Its bitcoin and ether futures are widely regarded as institutional benchmarks. XRP appears to be joining that club as demand for regulated XRP derivatives continues to build.

CME offers two XRP contract sizes: standard contracts representing 50,000 XRP and micro contracts sized at 2,500 XRP—allowing investors to tailor exposure based on their risk profiles and strategies.

The volume surge comes as Ripple, the company closely associated with XRP, continues to expand its regulatory footprint. Ripple has applied for a U.S. banking license and is also pursuing a Markets in Crypto-Assets (MiCA) license in the European Union to support its global payment network.