In an interview with Futures Trading veteran Anthony Crudele, CME Group’s Tim McCourt praised the usefulness of ripple-linked XRP tokens, claiming there are “really strong” use cases.
“And when I saw XRP, it’s a similar story that has a very strong use case,” McCourt said.
He notes that the XRP ledger can handle 1,500 transactions per second.
Furthermore, according to McCourt, XRP tokens are traded very aggressively in the spot market.
As reported by U.Today, CME Group introduced XRP futures on May 19 after launching a similar product from Solana (SOL) earlier this year.
The product was launched in response to “clearly and clearly expressed customer demand,” McCourt said.
During the interview, he emphasized the maturity of the crypto space, and CME aims to provide the infrastructure needed for this evolution.
In particular, the Chicago-based derivatives giant has launched both standard and microXRP contracts.
“This is the first time I’ve listed both contract flavors or both sizes at the same time,” McCourt added.