CME Group just launched spot-traded XRP and Solana (SOL) futures, expanding its crypto offering.
The Chicago-based derivatives marketplace say it introduced the new contracts to meet growing demand from merchants.
The new futures are listed on CME and CBOT, complementing the existing spot-listed Bitcoin (BTC) and Ethereum (ETH) products.
Investors can now hold positions in the spot market with longer maturities, rather than having to repeatedly close and open new contracts to increase exposure.
These futures offer flexibility for long-term views or quick trades.
Says Global Head of Cryptocurrency Products at CME Group, Giovanni Vicioso,
“Designed for the everyday trader, the size of these contracts – our smallest yet within our Crypto complex – will provide greater precision and market accessibility for clients, while also being quoted in terms they are already familiar with.”
Bitcoin and ETH futures have shown strong growth, with an average daily volume of 11,300 contracts to date, rising to 35,300 in December, with a record high of 60,700 on November 24.
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