Ripple Boss Shoots His Mouth Off About XRP’s Big Day—Spoiler: Not Exciting

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Ripple Boss Shoots His Mouth Off About XRP’s Big Day—Spoiler: Not Exciting

Oh, look at Mr. Garinghouse, acting like he just cracked the Da Vinci Code. He’s already over there, declaring the launch of CME’s XRP futures a “major institutional milestone.” Because nothing says celebration like a bunch of grown men buying and selling imaginary money, right? 🎉

Ripple CEO talking with a smirk

Earlier today, the CME (a.k.a. the grown-up playground for traders) decided to bless us with XRP futures, both standard and micro versions. Months of hype, and all you get is some contracts you buy and sell like a digital game of Monopoly. No actual XRP needed! Because who wants the hassle of owning the real thing?

People trading XRP futures

Institutional players can now dip their toes without actually holding any XRP. Yep, buy or sell contracts, and pretend. You can even settle on a fixed price based on the day’s index—because nothing screams “trust” like locking in your gains or losses ahead of time. Genius. 😎

Large traders aren’t left out! They can execute massive block trades, making it look like they’re doing something important while secretly just gambling with digital ghosts. According to Garinghouse, Secret Superhero Firm Hidden Road (which Ripple bought earlier this year for a cool $1.25B—because why not?) made the first big block trade right at open. Fancy! 🦸‍♂️

First big trade happening

Of course, amid all this excitement, XRP is sliding down – almost 4% in a day. Because what’s a milestone without a little crash? Volatility’s overrated anyway, right? Great timing, folks. We wait to see if these futures even hit a decent volume, but don’t hold your breath—the last time CME launched Solana futures back in March, it was basically a ghost town, and XRP didn’t even blink.

So, stay tuned to watch the drama unfold. Or don’t. It’s just some contracts. Yawn. 😂

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2025-05-19 19:42