dailyhodl.com
CME Group just launched spot-quoted XRP and Solana (SOL) futures, expanding its crypto offerings.
The Chicago-based derivatives marketplace says it introduced the new contracts to meet growing demand from traders.
The new futures are listed on CME and CBOT, complementing existing spot-quoted Bitcoin (BTC) and Ethereum ($ETH) products.
Investors can now hold positions in spot-market terms with longer expiries instead of having to repeatedly close and open new contracts to extend exposure.
These futures, providing 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 to 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 launch-to-date, rising to 35,300 in December, with a record 60,700 on November 24th.
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