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- CME Group launches options on Solana and XRP futures today.
- New options provide flexibility for institutional and individual traders.
- Solana and XRP futures growth sparks CME’s latest market expansion.
CME Group has officially launched options on Solana (SOL) and XRP futures, effective from October 13, 2025. These new options provide traders with more tools to hedge and manage their exposure to two of the most popular digital assets. The options will be full-size and micro-size, with expiration options that are daily, monthly, and quarterly. This diversity provides greater freedom to a great diversity of market actors, such as institutional investors and active traders.
These new options are introduced after the increased demand for new, sophisticated cryptocurrency products. According to Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products, introducing Solana and XRP options is meant to provide traders with more flexibility. With further developments of liquidity in the Solana and XRP futures, this action is anticipated to support the changing demands of the crypto market. The introduction will promote risk management measures that are necessary for traders in this growing market.
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Record Growth in Solana and XRP Futures Trading
The introduction of options for Solana and XRP futures is motivated by the high rate of growth in the futures. With a total notional value of $22.3 billion, over 540,000 contracts have been traded in Solana futures, which are currently trading in March 2025. In August 2025, Solana futures recorded a 9,000 contract volume (ADV), with a value of $437.4 million. In the same manner, launched in May 2025, XRP futures have been traded over 370,000 contracts, or $16.2 billion. In August, XRP futures also topped a record ADV of 6,600 contracts worth $385 million.
Institutional Demand Spurs New Product Offerings
The CME Group’s choice to venture into options can be directly attributed to the growing institutional demand for complex cryptocurrency products. Roman Makarov of Cumberland Options Trading and Joshua Lim of FalconX say the new options are the key tools of hedging among institutional investors. Such tools play an important role in dealing with exposure in Solana and XRP, and the demand for complex risk management strategies increases.
CME Group is adapting to the increasing demand for flexible and complex crypto products by providing options for Solana and XRP’s futures, which will help develop the digital asset market further.
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