Derivatives exchange CME set to launch XRP futures in crypto push — TradingView News
CME Group 
CME will launch futures contracts tied to the XRP cryptocurrency next month, the derivatives exchange said on Thursday, aiming to tap into the growing interest in tokens other than bitcoin and ether.
The cash-settled futures are set to launch on May 19, pending regulators’ approval.
Futures contracts let traders bet on or hedge against the future price movements of an asset, without owning it.
CME’s move highlights a push to offer sophisticated trading tools for altcoins — which typically refer to tokens smaller than bitcoin and ether — and reflects their growing maturity.
Initially viewed as speculative assets, these coins are fast becoming a vital component of investors’ portfolios. According to analysts, they can be a…
