Ripple’s XRP Just Might Be the Next Big Crypto Futures Market

Bitcoin futures may have been launched with tremendous fanfare – XRP futures, on the other hand, not so much. But in fact, U.K.-based startup Crypto Facilities has been operating a futures market for
the world’s third-largest cryptocurrency, developed by blockchain startup Ripple Inc., for almost 18 months now. And while the company’s CEO, Timo Schlaefer, has been tight-lipped about the product so far, he sees trends in recent data that indicate broader XRP futures adoption may be on the horizon.
“We have pretty good order books,” Schlaefer told CoinDesk, “And we’re in the process of working with some of the large market makers to draw that further.”

Indeed, when bitcoin was still months away from getting its first Commodity and Futures Trading Commission (CFTC) regulated bitcoin derivatives, Schlaefer’s company had quietly partnered with
Ripple and launched XRP futures – its second cryptocurrency futures product after bitcoin to be regulated under the UK’s Financial Conduct Authority (FCA).

Reference: https://www.coindesk.com/ripples-xrp-just-might-next-big-crypto-futures-market/

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