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CME Launches CFTC-Approved Solana and XRP Options as First Trades Cross

The contracts are physically settled into existing futures with daily, monthly or quarterly expirations.

Cme announces first xrp and sol option trades
Solana and xrp join bitcoin and eth with cme options
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CME Group launches CFTC-regulated options on Solana and XRP

Overview

  • Trading went live on October 13 on CME’s U.S. platform under CFTC oversight, extending regulated crypto options beyond bitcoin and ether.
  • The inaugural block trades included Wintermute and Superstate for XRP on October 12 and Cumberland DRW and Galaxy for Solana on October 13, according to CME.
  • Options are available in both standard and micro contract sizes, giving institutions and smaller participants flexible exposure.
  • The products settle into corresponding CME SOL and XRP futures, aligning pricing and facilitating position management across the suite.
  • CME pointed to strong 2025 futures activity—about 540,000 SOL contracts (~$22.3B notional) since March and 370,000 XRP (~$16.2B) since May—as a foundation for the launch, with plans to pursue 24/7 availability subject to regulatory review.