CME’s share of XRP futures jumps as token rallies 40% in a week

NEW: XRP rallies 40% in a week as CME's share of XRP futures jumps.

XRP is up forty percent in a week. Forty. While everyone was watching oil and drones, the third act nobody asked for came from a token most traders had left for dead.

And the more interesting part is where the action is happening. CME's share of XRP futures just jumped. That's the Chicago Mercantile Exchange, the most regulated, most buttoned-up derivatives venue in America, taking a bigger slice of the trade.

That matters because CME flow is institutional flow. Retail chases a chart on an offshore exchange. Pension-adjacent money goes through Chicago. When the suits start crowding into XRP futures, this stops being a meme rally and starts looking like positioning.

So the hardest fact tonight is this. A forty percent move in seven days, and the fastest-growing venue for betting on it is the one regulators actually watch.

This is Sara White, reporting for HIT.