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Key Takeaways
- CME Group has launched spot-quoted $XRP and $SOL futures, extending its crypto derivatives beyond Bitcoin and Ether.
- The new contracts offer increased precision, accessibility, and longer expiries without requiring position rolls.
CME Group launched Spot-Quoted $XRP and $SOL futures today, expanding its crypto derivatives offerings beyond Bitcoin and Ether.
The new contracts are available to trade across the four major US equity indices, including the S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average. The contracts allow investors to trade futures positions in spot-market terms with longer-dated expiries, eliminating the need to periodically roll positions.
“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,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. “
CME’s existing Spot-Quoted Bitcoin and Ether futures have recorded launch-to-date average daily volume of 11,300 contracts, with Q4 average daily volume of 18,400 contracts and December average daily volume of 35,300 contracts. The products hit a record trade day of 60,700 combined contracts on November 24.