CME Group has expanded its cryptocurrency derivatives product portfolio with the launch of XRP and Solana (SOL) futures contracts, priced based on the spot market, to meet the increasing demand from both institutional and retail investors. The new contracts are listed on CME and CBOT, supplementing the existing spot-quoted Bitcoin (BTC) and Ethereum (ETH) products.
These contracts allow investors to access cryptocurrencies at spot prices but with longer maturities, helping to maintain positions more efficiently without the need to constantly close and open new contracts. This provides high flexibility for both long-term investment strategies and short-term trading.
According to Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, the contracts are designed for retail traders. As the smallest scale within CME’s crypto product lineup, they help increase accuracy, accessibility, and the use of familiar market prices.
This launch follows the strong growth of Bitcoin and Ethereum futures contracts, which have recently recorded record trading volumes.
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CME Group launches spot price futures contracts for XRP and Solana
CME Group has expanded its cryptocurrency derivatives product portfolio with the launch of XRP and Solana (SOL) futures contracts, priced based on the spot market, to meet the increasing demand from both institutional and retail investors. The new contracts are listed on CME and CBOT, supplementing the existing spot-quoted Bitcoin (BTC) and Ethereum (ETH) products.
These contracts allow investors to access cryptocurrencies at spot prices but with longer maturities, helping to maintain positions more efficiently without the need to constantly close and open new contracts. This provides high flexibility for both long-term investment strategies and short-term trading.
According to Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, the contracts are designed for retail traders. As the smallest scale within CME’s crypto product lineup, they help increase accuracy, accessibility, and the use of familiar market prices.
This launch follows the strong growth of Bitcoin and Ethereum futures contracts, which have recently recorded record trading volumes.