CME Launches 24/7 Crypto Futures as Ripple Prime Clears XRP Contracts with $1B Open Interest

On June 1, CME Group launched regulated 24/7 crypto futures and options trading, with Ripple Prime serving as a day-one clearing and financing partner. As a Futures Commission Merchant (FCM), Ripple Prime provides the clearing and financing infrastructure for institutions to trade crypto derivatives continuously. Mike Higgins, International CEO of Ripple Prime, stated: "CME Group is officially live with 24/7 crypto futures & options trading, providing around-the-clock access to crypto derivatives."

XRP futures reached $1 billion in open interest within three months last year, marking the fastest CME product to cross that threshold. The 24/7 framework allows institutions to manage XRP exposure during weekends and global market events with uninterrupted access to regulated markets.