CME Group To Launch XRP Futures In May: How Did XRP Price React?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2025
0mins
Should l Buy HOOD?
Source: Benzinga
CME Group Launches XRP Futures: CME Group announced the launch of XRP futures contracts on May 19, pending regulatory approval, to cater to growing institutional and retail interest in XRP, which has seen significant price volatility.
Market Impact and Support: The new futures will be cash-settled and available in two sizes, with Robinhood supporting the contracts for retail users. This addition expands CME's cryptocurrency derivatives suite and reflects a strong demand for regulated XRP exposure, as evidenced by Teucrium's successful ETF launch.
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Analyst Views on HOOD
Wall Street analysts forecast HOOD stock price to rise
20 Analyst Rating
16 Buy
4 Hold
0 Sell
Strong Buy
Current: 77.970
Low
130.00
Averages
156.24
High
181.00
Current: 77.970
Low
130.00
Averages
156.24
High
181.00
About HOOD
Robinhood Markets, Inc. is creating a financial services platform for everyone, regardless of their wealth, income, or background. It uses technology to provide access to the financial system. Its offerings include Brokerage, Robinhood Crypto, Custody, Robinhood Wallet, Robinhood Gold, and Robinhood Gold Card. Its Brokerage services include investing, options trading, fractional trading, recurring investment, access to investing on margin, fully paid securities lending, cash sweep, instant withdrawals, Robinhood retirement, 24-hour market, joint investing accounts, and event contracts. It also offers a variety of ways for its customers to grow their financial knowledge, including Robinhood Learn, In-App Education, Newsfeeds, Sherwood Snacks, and Crypto Learn and Earn. Its self-clearing system, order routing system, data platform, and other back-end infrastructure deliver the capabilities that allow its customers to focus on investing, saving and spending.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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Market Reaction: Robinhood's stock prices fell significantly after the company reported its Q4 revenue, which missed analysts' expectations.
Revenue Details: The disappointing revenue figures raised concerns about the company's growth prospects and overall financial health.
Investor Sentiment: The market's negative response reflects broader apprehensions regarding the trading platform's ability to attract and retain users.
Future Outlook: Analysts are now closely monitoring Robinhood's strategies to improve its revenue and user engagement in the coming quarters.
See More
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- Revenue Growth: Total revenue reached $1.28 billion, a 26.7% year-over-year increase, yet fell short of expectations primarily due to a 38% decline in cryptocurrency revenue, negatively impacting overall performance.
- Strong Transaction Revenue: Transaction-based revenues increased by 15% year-over-year to $776 million, with other transaction revenue surging over 300% to $147 million, showcasing Robinhood's success in diversifying its revenue streams.
- Significant Asset Management Growth: Robinhood's retirement account assets under custody grew 102% year-over-year to $26.5 billion, while cash sweep and margin accounts increased by 26% and 113%, respectively, reflecting a notable rise in customer trust and platform usage.
See More
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- Earnings Decline Expected: Analysts forecast that Robinhood's earnings per share will drop to $0.63 this quarter, down from $1.01 in the same period last year, which may reflect increased market competition and fluctuations in user engagement.
- Revenue Growth Forecast: Despite the decline in earnings expectations, Robinhood's quarterly revenue is projected to reach $1.34 billion, up from $1.01 billion a year earlier, suggesting that the company continues to grow in revenue, likely due to an expanding user base.
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See More
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- Tech Sector Decline: The iShares Tech-Expanded Software Sector ETF (NYSE:IGV) fell 3.7%, revisiting lows from last week, indicating heightened sensitivity to AI disruption risks following Cisco's outlook.
- Small Caps Underperform: The Nasdaq 100 dropped 1.7%, while both the S&P 500 and Dow Jones Industrial Average lost 1.2%, with the Russell 2000 small-cap index sliding 2.4%, reflecting a cautious market sentiment.
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