Ripple Prime is now an official clearing and financing partner for CME Group’s new 24/7 cryptocurrency futures and options market, participating from its very start.
On May 29th, CME Group, the leading global marketplace for derivatives, extended its trading hours for cryptocurrency derivatives, allowing for round-the-clock market access.
Over 7,200 contracts were traded during the first weekend of round-the-clock operations, representing around $50 million in value.
XRP, Shiba Inu (SHIB), Bitcoin (BTC) and Dogecoin (DOGE) Price Analysis for June 2nd: Chances for Bull Run Are Slim
Death to Liquidations: Vitalik Pitches Options-Based DeFi
The strong trading volume was thanks to involvement from both individual investors and large institutions.
Ripple’s clearing infrastructure
To handle trades and margin requirements outside of regular banking hours, CME requires a robust infrastructure. Ripple Prime fulfills this need by operating as a Futures Commission Merchant (FCM).
Ripple Prime handles the financial settlement of trades made by large organizations on the CME Globex platform over the weekend using its own systems.
Without this system, standard transaction processing would have to stop, creating a shortage of funds between trading and the financial records of institutions.
Institutional demand for XRP derivatives
CME Group launched its XRP futures contracts in May 2025.
The initial block trade took place on Sunday, May 18th, and was processed by Hidden Road, a brokerage firm that Ripple acquired and later renamed Ripple Prime.
XRP futures on the CME exchange reached $1 billion in open interest faster than any other contract, hitting the milestone in only three months, as U.Today reported.
According to Noel Kimmel, the head of Ripple Prime, the company’s systems were designed to provide 24/7 support for managing digital assets.
Read More
- Gold Rate Forecast
- Total Football free codes and how to redeem them (March 2026)
- 6 Animated Movie Trilogies Where Every Entry Is Near-Perfect
- Netflix’s Best Stranger Things Replacement Officially Takes America By Storm
- Maggie Smith’s sons “deeply touched” by huge honour to the late “national treasure”
- These Cartoon Reboots Totally Missed the Point of the Originals (& Went Downhill Fast)
- The Division Resurgence Best Weapon Guide: Tier List, Gear Breakdown, and Farming Guide
- Clash of Clans “Clash vs Skeleton” Event for May 2026: Details, How to Progress, Rewards and more
- Goddess of Victory: NIKKE “B-SIDE IDOL” update brings SSR Mint, rerun banners, new costumes, and more
- Zenless Zone Zero version 2.8 ‘New: Eridan Sunset’ update will release on May 6, 2026
2026-06-02 09:37