CME launches spot-quoted XRP and SOL futures to expand crypto offering

Key Takeaways

• CME Group has launched spot-quoted XRP and SOL futures, extending its crypto derivatives beyond Bitcoin and Ether.
• The new contracts offer increased precision, accessibility, and longer expiries without requiring position rolls.

CME Group launched Spot-Quoted XRP and SOL futures today, expanding its crypto derivatives offerings beyond Bitcoin and Ether.

The new contracts are available to trade across the four major US equity indices, including the S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average. The contracts allow investors to trade futures positions in spot-market terms with longer-dated expiries, eliminating the need to periodically roll positions.

CME’s existing Spot-Quoted Bitcoin and Ether futures have recorded launch-to-date average daily volume of 11,300 contracts, with Q4 average daily volume of 18,400 contracts and December average daily volume of 35,300 contracts. The products hit a record trade day of 60,700 combined contracts on November 24.