TradeStation adds CME Group’s new XRP futures contracts to its suite of offerings
TradeStation Securities, Inc., a self-clearing online brokerage firm for trading stocks, options, futures, and options on futures, today announced it has added CME Group’s new XRP futures contracts to its suite of offerings.
With this addition, TradeStation continues to expand its suite of cryptocurrency derivatives, offering eligible clients access to both micro-sized (2,500 XRP) and large-sized (50,000 XRP) XRP futures contracts.
“As demand for regulated crypto derivatives continues to grow, TradeStation Securities is committed to providing traders with direct access to high-demand crypto derivative products through the regulated futures market,” said James Putra, SVP, Head of Product Management, TradeStation Group, Inc. “TradeStation Securities is happy to expand its capabilities with CME Group’s XRP contracts. This provides another opportunity for traders to engage with one of the most actively traded digital assets in the market, while further diversifying their portfolios.”
“We are pleased that TradeStation Securities is providing its broad client base with access to our XRP futures suite,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. “As traders continue to seek access to regulated crypto products, we look forward to continuing to help them access the liquid and capital-efficient tools needed to support their investment and hedging strategies.”
The XRP futures contracts are cash-settled and based on the CME CF XRP-Dollar Reference Rate, a once-a-day reference rate of the U.S. dollar price of XRP, published daily at 4:00 p.m. London time.
This product announcement follows TradeStation’s recent successful expansion of its futures lineup, including CME Group’s newly launched micro-sized grains and oilseed contracts, as well as Micro WTI Crude Oil futures.