In February, Ripple formalized its partnership with Crypto Facilities, a London-based financial services firm that provides FCA-regulated risk management and trading solutions for digital assets.
Riple has announced that Crypto Facilities will be the first derivatives exchange to list regulated XRP futures contracts. To further establish digital assets as a new asset class, Crypto Facilities is also partnering with CME Group, which has invested in Ripple through its venture arm.
Trading on Crypto Facilities is currently focused in countries in Europe, Latin America and Asia with U.S. availability on the roadmap. Ripple's partnership with the exchange offers an additional venue to trade XRP, opening access to a wider customer base.
Ripple's new product offering of cash-settled futures contracts on Crypto Facilities includes a ripple-dollar contract that provides up to 8x leverage and a ripple-bitcoin contract that provides up to 5x leverage. Futures come with one week, two weeks, one quarter, two quarters and three quarters maturities.