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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