CME Group, the world's largest futures and option exchange, recently launched XRP futures.
The move will make XRP the latest Altcoin to participate in crypto products including futures from Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).
After the XRP move, it was said that the CME is one step closer to the XRP ETF, but bad news has emerged from some Altcoins CMEs.
According to Coindesk, CME has announced that it has no plans to launch any MemeCoin products.
Asset managers like Vaneck and 21Shares are rushing to launch Spot ETFs tied to Memecoin, such as Dogecoin (Doge) and Trump Coin (Trump), but CME goes a different path.
Gio Vicioso, global head of CME's Cryptocurrency products, said the company is considering launching cryptocurrency-related products with real-world use cases, while moving away from its speculative asset MemeCoins.
“CME launches products based on its use case, the underlying cryptocurrency.
So, I'm not going to do anything with Memo Coin Space, as there are no use cases for that type of product in practice. ”
CME is also considering switching to a 24/7 trading system along the crypto market, but it has not been officially announced yet. Vicioso noted that as the market matures and interest in its products grows, CME is still considering filling the gap that exists between Friday evening and Sunday evening.
*This is not investment advice.
