Ripple Cautions Investors While CEO Marks Major XRP Achievement
XRP is poised to attract renewed interest from institutional investors, thanks to a major development signaling its increased prominence in the crypto space.
This significant update comes as CME Group, the world’s largest derivatives marketplace, has officially listed both XRP and Micro XRP futures. Ripple CEO Brad Garlinghouse recently shared the news on social media, calling it a landmark moment for XRP. However, amid the celebration, Ripple also issued a stern investor alert due to a surge in crypto-related scams.
Ripple CEO Celebrates CME Futures Launch for XRP
Brad Garlinghouse expressed excitement over what he described as a breakthrough for institutional adoption of XRP: the introduction of XRP and Micro XRP futures contracts on CME Group. The derivatives went live quickly, with Hidden Road, a well-known institutional trading firm, executing the first block trade.
This listing ushers XRP into a regulated financial environment, similar to that of Bitcoin and Ethereum, which previously benefited from increased credibility and investment flow after their CME futures launch. By entering this arena, XRP strengthens its position as a serious contender in institutional portfolios, appealing to hedge funds, asset managers, and other major market players.
The launch aligns with XRP’s evolving role in the crypto market and may influence upcoming decisions regarding the approval of a Spot XRP ETF. Futures contracts are available in two sizes: a micro version of 2,500 XRP and a larger one of 50,000 XRP. According to CME Group's Global Head of Cryptocurrency Products, Giovanni Vicioso, the first day of trading saw over $19 million in notional volume.
Ripple Urges Caution Amid Surge in Crypto Scams
Following the CME launch, Ripple issued an important warning to the XRP community. The company reported a noticeable increase in fraudulent schemes and phishing attempts targeting XRP holders. Ripple stressed that no legitimate representative would ever request users to send XRP or share sensitive information.
The alert urged the community to be cautious of suspicious links and to always verify the authenticity of accounts before engaging. This caution comes at a time when crypto scams are on the rise—especially during bullish market periods. For example, New Zealand authorities recently apprehended a suspect connected to a global criminal operation accused of laundering approximately $265 million USD. Additionally, Coinbase recently experienced a phishing breach that compromised some user data.