Ripple Prime has joined the CME Group’s newly launched 24/7 cryptocurrency futures and options marketplace as a day-one clearing and financing partner.
The CME Group, the world’s largest derivatives exchange, expanded its trading hours for crypto derivatives on May 29. The expansion makes it possible to have continuous market access.
During the first weekend of 24/7 operations, the CME reported over 7,200 contracts traded. These contracts logged approximately $50 million in notional value.
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This rather impressive liquidity was achieved due to the participation of both retail and institutional market participants.
Ripple’s clearing infrastructure
CME needs proper infrastructure for processing trades and managing margins outside of traditional banking hours. In this case, Ripple Prime acts as a Futures Commission Merchant (FCM).
When institutional clients execute trades on the CME Globex platform during the weekend, Ripple Prime settles those transactions with the help of its infrastructure.
Traditional clearing processes would be forced to pause without such a system. Hence, it creates a liquidity gap between the exchange and institutional balance sheets.
Institutional demand for XRP derivatives
CME Group launched its XRP futures contracts in May 2025.
The first block trade occurred on Sunday, May 18, and it was notably cleared by Hidden Road, the brokerage firm that was acquired by Ripple and later rebranded as Ripple Prime.
As reported by U.Today, XRP futures were the fastest-ever contracts on the CME to reach $1 billion in open interest. This milestone was reached in just three months.
Noel Kimmel, President of Ripple Prime, stated that the firm’s infrastructure was specifically built to meet the demand for around-the-clock digital asset management.
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