CME Group plans to introduce XRP and SOL futures with spot quoted prices

CME Group, a global leader in derivatives trading, has introduced Spot-Quoted XRP and SOL futures, expanding on its existing offerings of Spot-Quoted Bitcoin and Ether futures. These new contracts are tradable across major U.S. equity indices, including the S&P 500, Nasdaq-100, Russell 2000, and Dow Jones Industrial Average. By providing futures positions in spot-market terms with longer expiration dates, these contracts eliminate the need for frequent position rolling.

Global Head of Cryptocurrency Products at CME Group, Giovanni Vicioso, noted the strong demand for the current Bitcoin and Ether futures, which have seen over 1.3 million contracts traded since their launch in June. The addition of XRP and SOL futures aims to meet this demand and cater to everyday traders. These new contracts, the smallest within CME Group’s Crypto complex, offer greater precision and accessibility to clients by being quoted in familiar terms. Spot-Quoted futures also provide traders with added flexibility to hold positions according to their long-term outlook or easily trade in and out of positions without the need for frequent position rolling.

The continued growth of Spot-Quoted Bitcoin and Ether futures is evident in their trading volume, with an average daily volume (ADV) of 11,300 contracts since launch. In the fourth quarter, the ADV increased to 18,400 contracts, and December saw an ADV of 35,300 contracts. The highest trading day recorded thus far was on November 24, with a combined total of 60,700 Spot-Quoted Bitcoin and Ether futures traded.

These Spot-Quoted futures are listed on and adhere to the regulations of CME and CBOT. For more information about these products, traders can visit the CME Group website. The launch of XRP and SOL futures represents CME Group’s commitment to meeting the evolving needs of the market and providing traders with innovative products that offer both precision and flexibility in their trading strategies.