The XRP term contracts on the Chicago Mercantile Exchange (CME) recorded more than $ 19 million in notional negotiation volume on the first day and at least $ 10 million on Tuesday, according to data.
The inaugural trade, a block transaction, was authorized by Hidden Road on May 18. CME XRP term contracts are available in two sizes: standard contracts representing 50,000 XRP and micro -contracts representing 2500 XRP. Both are in cash and compromised at the reference rate CF CF CF CF XRP-Dollar, calculated daily at 3:00 p.m. UTC.
Standard contracts marked a volume of 7.5 million XRP on Monday and 2.95 million XRP on Tuesday, while micro-contracts made 517,000 XRP on Monday and at least 1.2 million XRP on Tuesday.
Market players consider the launch of these regulated term contracts as a step to the potential approval of a Bourse Fund (ETF) in cash in the United States.
“SPOT XRP ETF only a matter of time,” said Nate Geraci, president of the ETF store, in an X post on Monday.
Despite the solid beginnings of the term contracts, the cash price of XRP remained relatively stable, negotiating around $ 2.38, with a slight increase of 0.42% in the last 24 hours.
