Altcoin XRP took back the third place in the crypto money ranking with its rapid rise in market value. According to CoinMarketcap data, the market value of the XRP reached $ 151 billion and left Tether behind. Altcoin’s transaction volume decreased to 6 billion dollars and decreased by 43 %in the last 24 hours. On the other hand, CME Group’s announcement that it will launch XRP futures on May 19, created excitement in the market.
Two -dimensional strategy for XRP futures from CME
The Global Stock Exchange Giant CME Group will offer two different contracts that appeal to both individual and corporate investors for XRP futures. Micro contracts will be traded over 2,500 XRP and standard contracts will be traded over 50,000 XRP. Micro -options focus on the risk management of small investors with low guarantee requirement, while standard contracts will offer liquidity and narrow spread advantage. Both products will work as cash compromise and will not require physical token delivery.
This step to CME Group’s digital existence ecosystem is in parallel with the increase in institutional participation. Giovanni Vicioso, the head of the global crypto currency products of the company, said, “New contracts will provide capital efficiency to investors and help them optimize their strategies,” he said. This move aims to strengthen the acceptance of XRP in financial markets.
ETF rumors and the rise in the shadow of technical errors
Behind the latest price movements in the XRP, it is claimed that there are rumors of ETF (stock market investment fund) circulating in the market. In particular, the increasing ETF applications in recent months have revived the interest of investors to XRP. However, experts believe that the start of futures may balance price fluctuations.
CME’s decision came after the technical mistake in January. Inadvertently announcement of XRP and left -term transactions on the platform’s website caused a short -term confusion. Bloomberg analyst James Seyffart interpreted the error at that time as “expected”. The official launch of new products was welcomed by market participants.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
