CME Takes Major Action on XRP: CEO of Ripple Calls This an Important Moment

After CME validated XRP by launching a new standard to follow the price of this currency, according to Crypto News Flash (CNF), CME Group's recent announcement about the launch of XRP futures contracts marks an important milestone for Ripple and the crypto market in general. According to a Reuters update, this move, expected to take place on May 19, 2025, highlights the growing interest of institutions in XRP and could pave the way for the approval of the XRP exchange-traded fund (ETF). Furthermore, Reuters stated that: CME's move highlights the effort to provide sophisticated trading tools for altcoins — often used to refer to tokens smaller than Bitcoin and Ether. Initially regarded as speculative assets, these coins are quickly becoming an important component in investors' portfolios and may serve as a safe haven during times of volatility caused by tariffs shaking the stock market. CME Group's expansion strategy into XRP As a leading derivatives market, CME Group has announced plans to introduce cash-settled XRP futures contracts, pending regulatory approval. In response to CME Group's update, Ripple CEO Brad Garlinghouse praised this development as "extremely important," emphasizing its potential to enhance liquidity and the maturity of XRP in the crypto market, as he posted on his personal X account.

According to the latest assessment by CNF on the Ripple vs. SEC lawsuit, the case has concluded with a legal expert's prediction of a reduction in the fine from 125 million dollars to 10 million dollars. The conclusion of Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC) has removed a significant barrier to the regulatory transparency of XRP. The decision to dismiss the SEC's lawsuit against Ripple has bolstered confidence in XRP's compliance status, thereby increasing the likelihood of ETF approval. The meaning of the crypto market and the performance of Bitcoin and XRP The launch of the CME XRP futures contract is expected to attract more institutional participation, potentially leading to increased trading volume and price stability. According to recent reports, while XRP is attracting attention, Bitcoin (BTC) continues to assert its dominance in the crypto market. Currently priced at $93,510, BTC has seen a modest increase of 0.92% in the past 24 hours and 10.47% over the past week. Meanwhile, as of now, XRP is trading at $2.18, reflecting a 0.57% increase over the past day and a 6.67% increase over the past week. See the XRP price chart below.