CME Group has spotlighted the impressive performance of its XRP futures, revealing that the products have surpassed $26 billion in notional trading volume.
For context, CME Group’s XRP futures achieved the incredible milestone within five months after their launch. On May 19, CME Group launched two versions of XRP futures to cater to users’ trading needs. They include a standard contract representing 50,000 XRP and a micro contract, which represents 2,500 contracts.
Incredible Stats
Since their launch, over 567,000 standard and micro contracts have been traded in the first five months, according to CME. This represents a 125.89% increase from the figure reported on August 26, 2025. Interestingly, the products also boast a combined notional volume of $26.9 billion, representing an average daily volume of $213 million.
According to CME, the trading volume is equivalent to 9 billion XRP, roughly 9% of the total XRP supply. The announcement highlights the remarkable success of XRP futures on CME since their May 19 launch.
As reported in August, CME revealed that XRP became the fastest cryptocurrency on its platform to reach $1 billion in open interest, outpacing leading assets such as Bitcoin, Ethereum, and Solana.
At the time, the products’ notional volume was $9.02 billion, with an average daily volume of around $143 million. However, the latest figures show remarkable growth, as notional volume has now soared to $26.9 billion, while total contracts traded have climbed to 567,000.
XRP ETF Next?
Notably, CME XRP futures are among the CFTC-regulated products currently trading on U.S.-based derivatives marketplaces. Coinbase and Bitnomial also launched similar products for XRP earlier this year.
Analysts believe that XRP futures serve as a key stepping stone toward the eventual launch of spot-based XRP ETFs. Since last year, over 10 prospective issuers have been competing to bring XRP spot ETF products to the U.S. market.
The ongoing U.S. government shutdown has delayed the SEC’s final decision on some XRP ETFs, initially slated for earlier this month. However, ETF analysts like Eric Balchunas have indicated that these timelines are no longer effective, following the SEC’s approval of the Generic Listing Standard framework for commodity-based trusts.
Therefore, it is expected that the SEC could approve the products for launch only when the shutdown ends, provided they meet the required regulatory standards.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
