Future contracts for Solana and XRP will soon be introduced by CME (Chicago Mercantile Exchange)
In a significant move for the cryptocurrency market, the CME Group announced plans to launch options contracts for Solana (SOL) and XRP futures on October 13, 2025, subject to regulatory approval. This expansion is set to offer greater flexibility for institutions to manage their exposure to these digital assets.
Since the launch of CME Group's Solana and XRP futures, institutional trading volumes have seen a remarkable surge. XRP futures have achieved the highest trading volume, with a notional value of $16.2 billion since May, marking a record pace in open interest growth and strong institutional participation. Solana futures have also seen significant trading activity, with a notional value of $22.3 billion since their launch in March.
The record average daily open interest (ADOI) for XRP futures was 9,300 contracts in August 2025, totaling $942 million in notional, while Solana futures reached an ADOI of 12,500 contracts in the same month, amounting to $895 million in notional. The record monthly average daily volume (ADV) for XRP futures was 6,600 contracts, with a notional value of $385 million, and for Solana futures, it was 9,000 contracts, amounting to $437.4 million.
CME Group's Global Head of Cryptocurrency Products, Giovanni Vicioso, expressed his excitement about the launch, stating that it would offer additional choice and greater flexibility to manage exposure to Solana and XRP. Major liquidity provider Cumberland, as well as FalconX, have expressed their support for this expansion, believing it will improve market efficiency and broaden the derivatives liquidity available to clients.
Roman Makarov, Head of Cumberland Options Trading at DRW, and Joshua Lim, Global Co-Head of Markets at FalconX, both believe the launch of options on Solana and XRP futures is a sign of the market's continued demand for a broader set of products. The rise of digital asset treasuries and other access vehicles for crypto has accelerated the need for institutional hedging tools on Solana and XRP, according to Lim.
Clients will have the ability to trade options on SOL, Micro SOL, XRP, and Micro XRP futures, providing a comprehensive suite of tools for managing risk in the rapidly growing cryptocurrency market. This expansion by CME Group is set to further solidify its position as a leading player in the digital asset space.
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