Latest news with #GiovanniVicioso
Business Wire
27-05-2025
- Business
- Business Wire
TradeStation Securities Joins CME Group's XRP Futures Launch, Expanding Its Crypto Derivatives Offering
PLANTATION, Fla.--(BUSINESS WIRE)-- TradeStation Securities, Inc. ('TradeStation'), an award-winning †, 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. To learn more about TradeStation Securities or to open an account, please visit About TradeStation Securities, Inc. Founded in 1995, TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC, NFA & CME) offers self-clearing equities, options, futures, and futures options brokerage services as a licensed securities broker-dealer and futures commission merchant and is a member of major equities and futures exchanges in the United States. About TradeStation Group, Inc. Founded in 1982, TradeStation Group companies provide institutional-grade fintech tools and account-related services – and are where traders can find their home. TradeStation Group, Inc. is the parent company of several subsidiaries, including TradeStation Securities, Inc. and TradeStation Technologies, Inc. TradeStation Group companies seek to deliver the ultimate trading experience to retail and institutional clients that need a customizable trading ecosystem to perform their strategies. TradeStation Technologies provides award-winning † trading and analysis platforms through TradeStation Securities' self-clearing online brokerage services for equities, options, futures, and futures options. These advanced trading tools are accessible on desktop, web, and mobile devices, as well as via API technologies that provide seamless access to TradeStation Securities' brokerage environment through third-party platforms. Created by traders, for traders, TradeStation Group companies' institutional-level offerings cater to those who are born to trade. Learn more about TradeStation Group companies. † Visit to learn more. *Futures trading is not suitable for all investors. To obtain a copy of the futures risk disclosure statement visit Investment and Trading Disclosures Booklet – Futures. CME Group is not affiliated with TradeStation Group, Inc. or its affiliates. Trading involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: Diversification and asset allocation do not ensure future performance, success, or a guarantee against loss.
Yahoo
21-05-2025
- Business
- Yahoo
XRP futures bag $19M on launch day
CME Group, the largest derivatives exchange in the U.S., began trading futures on XRP on Sunday. On its first day, it pulled in more than $19 million in notional volume, a far bigger debut than Solana, which turned $12.3 million in March. XRP is now the fourth cryptocurrency in CME's futures contracts after Bitcoin, Ethereum, and Solana. For traders, futures contracts are offered at two sizes: micro (2,500 XRP per contract) and standard (50,000 XRP per contract). CME's XRP futures will be cash settled, meaning when traders close out their positions, they will be paid in U.S. Dollars instead of XRP. According to Giovanni Vicioso, CME's global head of cryptocurrency products, this addition "will give investors access to the deeply liquid, capital-efficient tools they need to support their growing cryptocurrency investment and hedging strategies." A futures contract permits investors to speculate on the future value of an asset, without taking ownership of it. Traders can benefit if the price of XRP goes up or down based on their position, without even owning XRP in the first place. This differs from spot trading, whereby an investor buys or sells the actual asset at the prevailing market price. Futures have a popular following among both institutional investors and traders looking to hedge risk, provide exposure, and leverage bets. XRP's strong futures launch comes at a time, given that the US Securities and Exchange Commission has delayed its decision on spot submissions for XRP and Solana ETF proposals. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-04-2025
- Business
- Yahoo
CME to Roll Out XRP Futures as Interest and Adoption in XRP Grows
CME Group is rolling out XRP futures on May 19th as it continues to expand its suite of cryptocurrency products, the world's largest derivatives exchange, said in a press release. Pending regulatory approval, traders will be able to trade two contract sizes: 2,500 XRP and 50,000 XRP. The contracts will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, which tracks XRP's price daily at 4:00 p.m. London time. 'As innovation in the digital asset landscape continues to evolve, market participants continue to look to regulated derivatives products to manage risks across a wider range of tokens,' Giovanni Vicioso, global head of cryptocurrency products at CME Group, said. 'Interest in XRP and its underlying ledger (XRPL) has steadily increased as institutional and retail adoption for the network grows, and we are pleased to launch these new futures contracts to provide a capital-efficient toolset to support clients' investment and hedging strategies.' The move comes after CME launched Solana (SOL) futures in March in addition to bitcoin (BTC) and ethereum (ETH) futures and options which have been trading on the exchange for a in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
CME To Launch XRP Futures on May 19, Expanding Crypto Offerings to 4th Major Asset
The Chicago Mercantile Exchange (CME) Group is set to launch XRP futures contracts on May 19, expanding its cryptocurrency derivatives offerings to include a fourth asset after Bitcoin, Ethereum, and Solana. The XRP futures will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, calculated daily at 11:00 a.m. UTC. Two contract sizes will be available: a micro contract representing 2,500 XRP and a standard contract for 50,000 XRP. This follows earlier speculation in January when a CME webpage referencing XRP futures briefly went live and was then removed, sparking discussion among traders. XRP's addition comes as institutional interest in cryptocurrencies continues to grow. According to CME's head of crypto products Giovanni Vicioso, investors are looking to diversify and manage risk across more digital assets. XRP, currently the fourth-largest cryptocurrency with a market cap over $127 billion, has gained popularity for its use in cross-border payments and its connection to Ripple Labs. The XRP Ledger is known for low transaction costs and fast settlement times, positioning it as a tool for financial institutions and payment providers. Ripple has partnered with global entities such as Santander, SBI Holdings, and MoneyGram and is involved in several central bank digital currency pilots. The company's longstanding legal battle with the U.S. Securities and Exchange Commission (SEC) recently concluded in a settlement. Ripple's fine was reduced from $125 million to $50 million, which has been seen by some as a regulatory green light for further adoption. The shift in the SEC's stance may have contributed to CME's timing for the XRP futures launch. Meanwhile, the broader crypto market continues to see developments in investment products. CME launched Solana futures in March, with contract sizes of 25 SOL and 500 SOL. On the ETF front, Canary Capital filed for a staked Tron ETF, aiming to earn a 4.5% yield by staking a portion of the TRX holdings. There are now more than 70 cryptocurrency ETF applications awaiting SEC review, covering assets from established tokens like XRP and Solana to meme coins and NFT projects. Bloomberg's ETF analyst Eric Balchunas commented on the variety, suggesting 2025 will be a volatile year for digital asset investment products. Robinhood has confirmed it will list CME's XRP futures, further expanding access to the product for retail traders. XRP is currently trading at $2.19, down slightly on the day. Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Derivatives exchange CME set to launch XRP futures in crypto push
(Reuters) -CME Group will launch futures contracts tied to the XRP cryptocurrency next month, the derivatives exchange said on Thursday, aiming to tap into the growing interest in tokens other than bitcoin and ether. The cash-settled futures are set to launch on May 19, pending regulators' approval. Futures contracts let traders bet on or hedge against the future price movements of an asset, without owning it. CME's move highlights a push to offer sophisticated trading tools for altcoins — which typically refer to tokens smaller than bitcoin and ether — and reflects their growing maturity. Initially viewed as speculative assets, these coins are fast becoming a vital component of investors' portfolios. According to analysts, they can be a safe haven at a time when tariff-driven volatility has rattled equities. XRP has gained 5.3% so far this year, while bitcoin is marginally down and ether has lost about half of its value. The benchmark S&P 500 index has fallen 8.6% during the period. "Market participants continue to look to regulated derivatives products to manage risks across a wider range of tokens," said Giovanni Vicioso, global head of cryptocurrency products at CME. Last month, CME also rolled out futures related to solana, another major crypto token. Both solana and XRP have attracted a wave of institutional interest in recent months, with asset managers filing for exchange-traded funds tied to the tokens. The new products could help CME strengthen its presence in the retail trading space, an area it has been focusing on, especially through its partnership with online trading platform Robinhood. XRP is the native token of crypto firm Ripple Labs, which last month settled a civil lawsuit brought by the Securities and Exchange Commission over the alleged sale of unregistered securities.
