$SOL, $XRP Options Launch at CME Group Oct. 13


CME Group plans to launch options on $SOL and $XRP futures contracts on Oct. 13, pending regulatory approval. The world's largest derivatives exchange will offer both standard and micro-sized options with daily, monthly, and quarterly expiries.


Giovanni Vicioso, CME's global head of cryptocurrency products, cited significant growth and increasing liquidity across existing Solana and #XRP futures markets. Over 540,000 $SOL contracts worth $22.3 billion in notional volume have traded since March debut.


$XRP futures launched in May have seen more than 370,000 contracts representing $16.2 billion in trading activity. Both products achieved record volumes in August, with $SOL averaging $437 million daily and $XRP reaching $385 million.


#Options contracts provide traders with rights but not obligations to buy or sell underlying futures at specified prices. These instruments offer more nuanced risk management and position control compared to direct futures trading.


FalconX's Joshua Lim noted increased institutional demand for hedging tools as digital asset treasury adoption grows. The prime brokerage will support market efficiency and liquidity for the new derivative products.


Cumberland's Roman Makarov highlighted the expansion beyond $BTC and $ETH staples, demonstrating continued market demand for broader crypto exposure. The derivatives giant will provide liquidity support for the new options contracts.

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September 17, 2025 at 8:19 PM
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