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CME Group, the world’s largest derivatives exchange, launched futures trading for XRP and Solana (SOL) after Bitcoin and Ethereum in recent months.
While XRP and Solana futures are breaking records in a short time, CME Group announced that it will offer options for Solana and XRP.
With increasing demand for Solana and XRP from institutions and individual investors, the latest move marks the latest addition to CME’s crypto derivatives portfolio.
In a post from the CME X account, it was announced that the countdown has begun for the launch of Spot-Quoted XRP and Solana futures.
“Just 7 days left until the launch of Spot-Quoted XRP and SOL futures.”
At this point, Spot-Coint XRP and SOL futures are expected to launch on the CME Group platform on December 15, subject to regulatory review.
CME Group stated that this new product, offered to investors at spot prices, features lower-margin, smaller, longer-term contracts.
“Access spot prices on a highly regulated exchange and combine the flexibility of contracts for difference (CFDs) with the transparency of futures.
Trade smaller, longer-term contracts with lower margins, designed specifically for active traders.
Low margin for capital efficiency, simple pricing directly linked to spot price and regulated clarity….”
As you may recall, in October, CME Group expanded its XRP support, adding options to its futures package, allowing investors to trade options on XRP and Micro XRP futures with daily, monthly, and quarterly maturity options.
*This is not investment advice.
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