XRP Is Most Closely Watched Crypto Asset: CME

The CME Group has awarded accolades to XRP, highlighting the altcoin’s performance since the launch of futures products, just over a month ago. This includes the fact that the token has become one of the digital assets that investors have shown the most interest in on the CME platform.

XRP Gains Massive Interest From Institutional Investors

In an X post, the CME stated that XRP has been one of the most-watched crypto assets on its platform. The derivatives exchange also noted that since launching in May, the altcoin’s futures and micro futures products have shown demand across institutional and retail participants.

As CoinGape reported last month, the CME XRP futures launched on May 19, a development that was bullish for the altcoin, as it could pave the way for the approval of a Spot ETF. The derivatives exchange revealed that the crypto assets immediately saw significant market interest and widespread participation upon launch.

On their debut, these XRP futures reached $19.3 million across 15 firms and four retail trading platforms. CME noted that this interest cut across different participant classes from ETF issuers to individual retail traders, which highlights the “robust demand” for these futures products. Meanwhile, since their launch, the futures products have recorded a total trading volume of $542 million.

The exchange further revealed that 45% of this trading volume has come from outside North America, amplifying XRP’s “substantial” global appeal. Meanwhile, Open Interest in the altcoin’s contract continues to grow and currently stands at $70.5 million in active positions, which also underscores the interest in the token.

2025 Outlook For The Altcoin

CME stated that there are various factors to consider when looking at XRP’s future potential. This includes the growth in institutional adoption. The derivatives exchange noted that Ripple’s acquisition of Hidden Road is a “strategic move” that aims to further integrate the altcoin into institutional finance.

Secondly, the exchange alluded to the stablecoin integration and how this could positively impact the altcoin. It noted that Ripple recently launched the RLUSD stablecoin, which runs natively on the XRP Ledger (XRPL), which boosts the network activity.

CME claimed that the rising demand for RLUSD further highlights XRP’s potential as a bridge asset in the ever-growing crypto landscape. It is worth mentioning that Circle’s USDC also recently went live on the XRPL.

Lastly, the exchange mentioned the competitive landscape and market participation even as Ripple continues to innovate and position the altcoin as a viable choice for “institutional uses, cross-border payments, and low-fee transactions. XRP’s success in enterprise landscapes and adoption across markets and exchanges creates a real-world feedback loop that builds on itself,” CME concluded.