XRP Community Goes Global: CME Reports Almost 50% of XRP Futures Trading Happens Outside U.S. Trading Hours.

The recent introduction of XRP futures by the CME highlights the cryptocurrency’s significant global interest, with approximately half of the activity taking place outside of regular U.S. trading hours.

These regulated XRP futures, including both standard and micro-sized contracts, became available for trading just over a week ago and recorded a trading volume of 4,032, equivalent to $86.6 million during the initial six days, according to a spokesperson from the exchange.

The representative noted that 46% of the total trading volume took place during periods not aligned with U.S. market hours, indicating strong engagement from international participants.

This data emphasizes robust worldwide participation within the futures market. XRP was specifically designed to streamline fast and cost-effective cross-border transactions as a payment-oriented cryptocurrency.

Ripple, the tech financial firm, leverages both XRP and the XRP Ledger to improve the efficiency of international money transfers.

CME’s offerings include both standard contracts for 50,000 XRP and micro contracts for 2,500 XRP, which are cash-settled based on the SME CF CRP-Dollar Reference rate, tracking the cryptocurrency’s price daily at 4:00 p.m. London time.

These futures provide traders with the opportunity to engage with the cryptocurrency market without needing to directly hold the asset.