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- Zameer Attar
Zameer Attar
- Reviewed by:
๏ปฟAnjali BelgaumkarWriter by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Oct 14, 2025 09:03 UTC
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Wall Street Meets Altcoins: CME Launches Options for XRP and Solana
CME Group launched its crypto derivatives by launching option products for Solana (SOL) and XRP.
Traders can now exchange these altcoin options on the CME exchange in the same way as trading Bitcoin and Ethereum.
XRP is trading at $2.45, while SOL is priced at $194.58.
The Chicago Mercantile Exchange (CME) Group has expanded its crypto derivatives by launching option products for Solana (SOL) and XRP. The new products were approved by the U.S. Commodity Futures Trading Commission (CFTC), which went live on October 13 on CMEโs US platform.
XRP and Solana Launch on CME
The worldโs largest derivatives marketplace has now introduced options on SOL and XRP, marking a major step in broadening its altcoin offerings. This means traders can now exchange these altcoin options on the CME exchange in the same way as trading Bitcoin and Ethereum.
These newly introduced options allow traders to receive actual SOL and XRP futures, which are available in both standard and micro contract sizes. They have daily, monthly, and quarterly expiration. This move not only shows investorsโ confidence in CME but also underlines the growing demand for XRP and Solana.
CMEโs Expansion with Crypto Derivatives
Since 2017, after launching Bitcoin on its platform, CME has continued to expand its offerings and strengthen its crypto derivatives portfolio. It also plans to make its crypto futures and option products available 24/7 by early 2026.
Moreover, CME also reported more than 540,000 contracts after its launch of Solana in March 2025, which surged to over $22.3 billion in volume. Meanwhile, XRP also saw rapid adoption, with 370,000 contracts traded and $16.2 billion in volume. So, this move of launching crypto derivatives is a direct response to this increasing demand.ย
XRP & Solana Price
Currently, both assets are experiencing a downturn in price and trading volume. XRP is trading at $2.45, marking a 6.73% drop from the previous day, while SOL is priced at $194.58 with a 1.20% dip. Followed by the fear of a trade war between the US and China, investors began selling their cryptocurrencies, which resulted in this plunge.
However, some are still hopeful for bullish market sentiment as the deadline for crypto ETF approval nears.
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FAQs
Traders can trade SOL and XRP options in standard or micro contracts, with daily, monthly, or quarterly expirations.
CME expanded to meet growing demand for altcoins, offering more futures and options after seeing strong SOL and XRP trading volumes.
Currently, both are downโXRP at $2.45 and SOL at $194.58โimpacted by market fears like US-China trade tensions.
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