CME to Launch XRP Futures, CEO Reacts

There’s big news for XRP holders — the Chicago Mercantile Exchange (CME) has officially announced it will launch XRP futures contracts starting May 19th. These new futures will be available in both large and micro-sized contracts, giving traders more flexibility and precision in managing their exposure to XRP.

CME Launches XRP Futures

This move is a huge milestone for XRP, as the CME is considered one of the most trusted and regulated futures exchanges in the world. While XRP futures have already been launched on platforms like coinbase coinbase – support@coinbase.com WalletCentralised Exchange and Bitnomial, those are relatively small players compared to the CME.

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Many experts believe this development is a key step toward the long-awaited approval of an XRP Spot ETF. The U.S. Securities and Exchange Commission (SEC) often looks to the CME as a gold standard when considering futures markets, and having XRP futures listed there strengthens the case for an ETF.

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XRP Spot ETF Gains Momentum

Ripple CEO Brad Garlinghouse Brad Garlinghouse  
Brad Garlinghouse is an American businessman and a major crypto influencer. He is the CEO of Ripple Labs, which offers cryptocurrency and blockchain solutions. Brad has also worked at Hightail, AOL, and Yahoo in prominent positions.
 
Ripple Labs has backed several blockchain startups and investors to grow decentralized finance. Brad sees crypto as a tool for financial freedom and has worked with other influencers in this regard.
 
Quick Facts
  Full Name Bradley Kent Garlinghouse Birth 06-02-1971, in Topeka, Kansas Nationality American Education Bachelor’s degree in Economics, MBA from Harvard Business School. Net Worth $10B (Refer here)  
Ripple’s native token, XRP is among the top digital assets. As per CoinGape, Brad’s company has $100 billion worth of XRP tokens in its reserve. This will help further innovation in Web3 and blockchain projects. As per reports surfing on Binance’s blog, Brad Garlinghouse may step down as CEO of Ripple to join the Crypto Advisory Council, which is led by President Trump. This significant event will boost the adoption of decentralized finance and blockchain growth.
 
Brad Garlinghouse: Trivia
  2007: Served as Senior VP at Yahoo!, heading communications and consumer products.
2012: Became CEO of Hightail, leading digital file-sharing innovations.
2015: Joined Ripple as COO to push blockchain adoption in cross-border payments.
2017: Became CEO of Ripple, driving XRP adoption and blockchain partnerships.
2020: Led Ripple’s defense against the SEC lawsuit over XRP’s security status.
2021: Expanded Ripple’s ODL (On-Demand Liquidity) network for global crypto payments.
2023: Got a partial success against the SEC, declaring XRP as not a security.
2024: Continue leading Ripple in CBDC collaborations and global blockchain finance.
2025: May join Trump’s Crypto Advisory Council to set regulations.  
Notable Works & Achievements by Brad Garlinghouse
  Year Achievements Details 2003 Wrote the ‘Peanut Butter Manifesto’ at Yahoo! Highlighted Yahoo!’s lack of focus in operations. 2015 Joined Ripple as Chief Operating Officer Took measures to integrate blockchain technology into banking systems. 2017 Appointed CEO of Ripple Expanded Ripple’s global partnerships, enhancing cross-border payment solutions. 2020 Named in Forbes’ List of Wealthiest in Cryptocurrency Recognized for significant contributions to the crypto industry. 2023 Legal Victory in SEC vs. Ripple Case Achieved a favorable ruling impacting cryptocurrency regulations.  
Useful Links To Connect with Brad Garlinghouse
  Platform  Link X (formerly Twitter) https://twitter.com/bgarlinghouse LinkedIn https://www.linkedin.com/in/bradgarlinghouse Ripple’s Website https://ripple.com/leadership/brad-garlinghouse/  
  EntrepreneurInvestorChief Executive OfficerBoard Member also reacted to the announcement, calling it “an incredibly important and exciting step in the continued growth of the XRP market”, though he admitted it was long overdue.

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Looking ahead, there’s growing speculation that the SEC could approve not only an XRP Spot ETF but possibly a Solana ETF and others by later this year. With Paul Atkins recently sworn in as SEC Chair and a noticeably more pro-crypto stance from the agency, analysts believe there’s a high chance of ETF approvals by Q2 or Q3 2025.

If these ETFs get the green light, it could mark a major turning point for XRP’s market growth and wider adoption.