Ripple Prime has joined CME Group’s newly launched 24/7 crypto futures and options market as a clearing and financing partner on day one. CME expanded trading hours for crypto derivatives on May 29, enabling more continuous market access for these products.
Trading data from the first weekend showed that CME reported over 7,200 contracts traded, with a notional value of approximately $50 million. CME stated that this liquidity was driven by both retail and institutional participants.
Ripple Prime handles weekend settlements.
CME needs to handle trades and margin outside traditional banking hours. Ripple Prime supports this role as a futures commission merchant, enabling institutional clients to complete trade settlements over the weekend via CME Globex.
Without this type of infrastructure, traditional clearing processes would halt over the weekend, creating liquidity gaps between exchanges and institutional balance sheets.
XRP futures continue to heat up
CME launched XRP futures in May 2025. Subsequently, the first large-scale trade was executed on Sunday, May 18, and settled by Ripple Prime, formerly Hidden Road, acquired by Ripple.
According to data cited by U.Today, XRP futures reached $1 billion in open interest on CME in just three months, setting the fastest record for such contracts on the exchange. Noel Kimmel, President of Ripple Prime, said the company’s infrastructure was built to meet the demand for 24/7 digital asset management.