Ripple CEO Brad Garlinghouse Excited About Upcoming XRP Futures on CME Group

Ripple's CEO, Brad Garlinghouse, expressed immense enthusiasm for the upcoming launch of XRP futures on the CME Group trading platform, describing it as a significant and long-awaited move.

According to a report by Coindesk, the CME Group plans to launch XRP futures on May 19, pending approval from the Commodity Futures Trading Commission.

The CME Group will introduce both standard and Micro XRP futures contracts, offering two different contract sizes. The standard XRP futures contract will include 50,000 tokens, while the Micro XRP futures contract will be sized at 2,500 XRP.

Both products will be settled in cash, providing investors with a leveraged way to trade XRP in a liquid and deep market. The smaller size of the Micro XRP futures contracts makes them suitable for a broader range of investors.

"This is an incredibly exciting step, marking the continued growth of the XRP market!" Garlinghouse stated in his announcement.

"Despite the market already surpassing $150 million in sales volume over 7 days, it has long lacked support from a major futures platform like CME. Reflecting back on the scene when Coinbase announced its rapid rollout of futures products in March."

In March, Coinbase announced plans to launch futures products for Bitcoin, Ethereum, and XRP in the second quarter of 2025. Shortly after, the cryptocurrency exchange rolled out futures products for Ethereum.

Earlier this month, Bitnomial began offering XRP futures to institutional investors.

The CME has become a major market for Bitcoin, Ethereum, and Solana-related futures products. In the first quarter of 2025, the CME averaged 198,000 contracts traded in these products.

The upcoming launch of new cryptocurrency futures products on the CME Group is an event worth watching, first reported by Benzinga.