CME Group has expanded its crypto derivatives offering by launching Spot-Quoted futures for XRP and Solana, allowing traders to gain exposure that closely tracks spot market prices. The new contracts mirror CME’s Spot-Quoted Bitcoin and Ether futures, separating financing costs from pricing and adjusting them at settlement instead of embedding them in futures premiums or discounts.
According to CME, its Spot-Quoted Bitcoin and Ether contracts have seen strong uptake since their June launch, with more than 1.3 million contracts traded and average daily volumes of around 11,300 contracts. The XRP and Solana contracts are the exchange’s smallest crypto futures, aimed at active market participants who prefer spot-style trading without contract rollovers.
Alongside the launch, CME activated Trading at Settlement (TAS) for XRP, SOL, and their Micro futures, allowing execution at a spread to the 4:00 p.m. ET settlement price. The move follows CME’s October rollout of options on XRP and Solana futures, further deepening its crypto market infrastructure.
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