CME Group Expands Crypto Derivatives with XRP and SOL Futures
- CME Group has introduced spot-quoted futures for XRP and SOL, extending its offerings beyond Bitcoin and Ether.
- The new contracts are available across major US equity indices, including the S&P 500, Nasdaq-100, Russell 2000, and Dow Jones Industrial Average.
- These futures allow trading in spot-market terms with longer expiries, eliminating the need for position rolls.
- CME’s existing spot-quoted Bitcoin and Ether futures have seen over 1.3 million contracts traded since June.
- The average daily volume for these contracts reached a record of 60,700 combined on November 24.
CME Group’s launch of spot-quoted XRP and SOL futures marks a significant expansion of its crypto derivatives portfolio beyond Bitcoin and Ether. The new contracts offer enhanced precision and accessibility while eliminating the need for periodic position rolls.
Source (3.2)https://cryptobriefing.com/cme-spot-quoted-futures-xrp-sol/?rand=59535