Just In: CME Group Adds XRP, Solana Options After Record $942M and $895M Open Interest

News

CME Group, the world’s largest derivatives marketplace, announced it will launch options on Solana (SOL) and XRP futures on October 13, 2025, pending regulatory review.

What’s Coming

The new contracts will cover SOL, Micro SOL, XRP, and Micro XRP futures, with expiries available daily, monthly, and quarterly. This gives market participants more ways to manage exposure to two of the most traded cryptocurrencies outside Bitcoin and Ethereum.

Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, said the move builds on the “significant growth and increasing liquidity” of Solana and XRP futures.

Institutional Support

Major trading firms welcomed the expansion.

  • Cumberland, a leading liquidity provider, said the launch shows rising demand beyond Bitcoin and Ethereum.
  • FalconX opened up about the growing role of Solana and XRP in digital asset treasuries and called the new products an important tool for institutional hedging.

Trading Data

Both Solana and XRP futures have grown rapidly since their launches earlier this year:

  • Solana: Over 540,000 contracts ($22.3B notional) traded since March. In August, daily volume hit 9,000 contracts ($437.4M) with open interest at 12,500 contracts ($895M).
  • XRP: Over 370,000 contracts ($16.2B notional) traded since May. August saw record daily volume of 6,600 contracts ($385M) and open interest of 9,300 contracts ($942M).

Conclusion

The launch could act as a bullish catalyst by offering institutions more risk management tools. Analysts expect higher trading volumes and stronger price action as capital rotates into Solana and XRP.

However, there are also warnings about the same. Options markets often bring sharper volatility and risk of over-leverage, especially in the early days. Some also warn that excitement could overshadow fundamental concerns, particularly around Solana’s decentralization.

The new products mark another step in CME Group’s expansion into crypto derivatives, reinforcing the growing role of Solana and XRP in institutional markets.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply