CME Group Introduces XRP Futures Contracts
CW17 Market Digest. SGX plans to launch Bitcoin perpetual futures for institutional clients in late 2025, as the CFTC seeks market feedback on perpetual derivatives. CME announced new XRP futures contracts. Binance introduced Alpha Points, a scoring system for users to access rewards.
Perpetual swaps in traditional exchanges?
According to BUSINESS TIMES, The Singapore Exchange’s (SGX) decision to launch Bitcoin perpetual futures in 2nd half of 2025, targeting institutional and professional investors.
Meanwhile, US CFTC issued a Request for Comment to better inform them on the potential uses, benefits, and risks of perpetual contracts in the derivatives markets the CFTC regulates (“Perpetual Derivatives”).
I hope the trading product will be 7*24, not daily / weekend closing.
CME lists XRP futures
Just on March 17, CME Group announced their launch of Solana (SOL) futures.
This week, CME announced XRP futures - a micro-sized contract (2,500 XRP) and a larger-sized contract (50,000 XRP).
CME Group XRP futures will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of XRP and is calculated daily at 4:00 p.m. London time.
Binance Alpha Points introduced
Binance introduced Alpha Points, a scoring system designed to evaluate user activity within the Binance Alpha and Binance Wallet ecosystem which determines user’s eligibility for campaigns, such as Token Generation Event (TGE) participation and Alpha token airdrops. To me, it's a very similar concept to DeFi protocol points.
To get more rewards, users have to gain more Alpha Points. To gain more Alpha Points, users need to fufills the tasks assigned by Binance, such as depositing money and accumulating trading volume.
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