XRP Futures
Explore new opportunities in crypto trading with XRP and Micro XRP futures.
Access capital-efficient XRP exposure
XRP and Micro XRP contracts offer a cost-effective way to gain exposure to the price of XRP, while also providing transparency, price discovery and risk management capabilities. Enjoy greater flexibility by choosing how to trade: using an outright contract, block or BTIC trading.
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Why trade XRP futures?
More ways to trade
Manage exposure to suit your trading needs with either a larger- or micro-sized XRP contract.
Easily take a directional view
Seamlessly trade your market view with the flexibility to go long or go short.
Regulated, transparent venue
Our CFTC-regulated marketplace allows participants to see the same contract prices and quotes on contracts settled to CME CF XRP-Dollar Reference Rates.
Contract specifications
| CONTRACT | XRP (XRP) FUTURES | MICRO XRP (MXP) FUTURES |
|---|---|---|
| CONTRACT UNIT | 50,000 XRP | 2,500 XRP |
| PRICE QUOTATION | USD per XRP | |
| MINIMUM PRICE FLUCTUATION |
Outright: $0.0005 per XRP = $25.00 per contract BTIC: $0.0001 per XRP = $5.00 per contract Calendar Spread: $0.0001 per XRP = $5 per contract |
Outright: $0.0005 per XRP = $1.25 per contract BTIC: $0.0001 per XRP = $0.25 per contract Calendar Spread: $0.0001 per XRP = $0.25 per contract |
| TRADING HOURS |
Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m CT with a 60-minute break each day beginning at 4:00 p.m. CT. ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. - 6:00 p.m |
|
| PRODUCT CODE | XRP | MXP |
| LISTING CYCLE | Six consecutive monthly contracts, plus four quarterly contracts and a second December contract if only one is listed | |
| SETTLEMENT METHOD | Financially settled | |
| TERMINATION OF TRADING | Trading terminates at 4:00 p.m. London time on the last Friday of the contract month that is either a London or U.S. business day. If the last Friday of the contract month day is not a business day in both London and the U.S., trading terminates on the prior London or U.S. business day. | |
| OPTIONS AVAILABLE | No | No |
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