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Derivatives exchange CME set to launch XRP futures in crypto push

(Reuters) -CME Group will launch futures contracts tied to the XRP cryptocurrency next month, the derivatives exchange said on Thursday, aiming to tap into the growing interest in tokens other than bitcoin and ether. Futures contracts let traders bet on or hedge against the future price movements of an asset, without owning it. CME's move highlights a push to offer sophisticated trading tools for altcoins — which typically refer to tokens smaller than bitcoin and ether.