The CME Group said in a recent post that XRP has become one of the most active crypto assets on its platform since it launched XRP and Micro XRP futures on May 19, 2025. The launch brought in strong demand from both institutional and retail traders. The exchange said this interest is “robust.”
Trading kicked off with $19.3 million in volume on the first day. That came from 15 companies and four retail platforms. In just over a month, that number jumped to a total of $542 million, according to data from CME.
Open interest in the contracts has also climbed, now standing at $70.5 million. The CME noted that this growing interest is coming from a wide mix of participants, including large institutions like ETF issuers and everyday retail traders.
In a post on X, the exchange said, “XRP and Micro XRP futures have shown demand across institutional and retail participants.” Also, about 45% of all trading has come from outside the United States and Canada.
Meanwhile, this came amid regulatory changes in the U.S as the Securities and Exchange Commission (SEC) decides to drop its appeal against Ripple Labs. This made institutions more confident to offer XRP-related products. As a result, trading platforms like Coinbase Derivatives and Bitnomial have received the green light to launch XRP futures in the United States on May 30. Experts also say this could help XRP get a spot ETF, like Bitcoin and Ethereum already have.
The SEC has said that the presence of a regulated futures market is a key requirement for ETF approval, and with CME’s XRP futures now live, XRP meets that bar.
CME also said there are certain other things that helped the growth of the cryptocurrency. For instance, Ripple just bought a company called Hidden Road to work more with big financial firms.
It also launched a new stablecoin called RLUSD, which runs directly on the XRP Ledger. The company says RLUSD is designed for fast and affordable transfers. Around the same time, USDC, one of the largest stablecoins, also launched on the XRP Ledger. All this added boost to the activity on the network, and made the token more useful in the real world
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