Chicago-based derivatives giant CME Group has announced that it is on track to launch XRP futures.
The highly anticipated product is scheduled to be released on May 19th after receiving regulatory approval.
Giovanni Vicioso of CME Group claims that the token is gaining interest from both retail and institutional investors.
Earlier this year, Bitnomial and Coinbase derivatives also launched US-regulated futures
In March, CME Group introduced Solana (SOL) regulated futures, but they debuted with a rather overwhelming trading volume.
Despite the announcement, XRP prices have fallen 4.3% over the past 24 hours.
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