XRP and SOL Enter the Big Leagues With CME Group’s Latest Futures Launch

CN
7 hours ago

CME Group (Nasdaq: CME) expanded its cryptocurrency derivatives lineup with new offerings for digital asset traders. The world’s leading derivatives marketplace launched spot-quoted XRP and SOL futures on Dec. 15, broadening access to regulated crypto exposure tied to spot-market pricing.

The announcement states:

Spot-quoted XRP and SOL futures will complement the existing spot-quoted bitcoin and ether futures, and are also available to trade across the four major U.S. equity indices, including the S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average.

Spot-quoted futures are smaller-sized, regulated contracts built for self-directed traders and are available across eight markets: bitcoin, ether, XRP, SOL, the S&P 500, Nasdaq-100, Russell 2000, and the Dow Jones Industrial Average. Unlike traditional futures that typically expire monthly or quarterly, these contracts carry a longer-dated expiry in June 2026. To keep prices trading at or near the underlying cash index levels commonly reported by financial outlets such as CNBC and Yahoo Finance, the contracts incorporate a daily financing adjustment that reflects the basis between the lead-month futures contract and the related spot market.

Read more: CME Crypto Derivatives Surge Into New Highs With Rising Demand for Regulated Futures

Global Head of Cryptocurrency Products Giovanni Vicioso stated:

We’ve seen strong demand for our current spot-quoted bitcoin and ether futures, with more than 1.3 million contracts traded since launched in June, and we are pleased to add XRP and SOL to our offering.

He explained that the contracts represent the smallest sizes within CME Group’s crypto complex, improving precision and accessibility while allowing traders to maintain longer-term positions or move in and out of trades without frequent rolls. Spot-quoted bitcoin and ether futures continue to record accelerating activity, with launch-to-date average daily volume of 11,300 contracts, fourth-quarter average daily volume of 18,400 contracts, and December average daily volume of 35,300 contracts. A record 60,700 combined contracts traded on Nov. 24. The XRP and SOL contracts are listed on and subject to the rules of CME and CBOT, reinforcing regulated participation as spot-quoted futures increasingly bridge traditional markets and digital assets.

  • What new crypto products did CME Group launch?
    CME Group launched spot-quoted XRP and SOL futures tied directly to spot-market pricing.
  • How do spot-quoted futures differ from traditional futures?
    Spot-quoted futures track spot prices while allowing longer-dated expiries without frequent rolling.
  • Why are XRP and SOL futures significant for traders?
    They expand regulated access to actively traded crypto assets within CME’s established marketplace.
  • How strong is demand for CME’s spot-quoted crypto futures?
    More than 1.3 million spot-quoted bitcoin and ether contracts have traded since June.

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