CME Group Expands options Trading to Solana and XRP
CME group,the world’s largest derivatives exchange,has introduced options for solana and XRP. This launch, regulated by the U.S. CFTC, opens new doors for institutional investors.
Starting October 13,traders can now buy and sell options for Solana (SOL) and XRP (XRP). These options are physically settled and come in various sizes. They also have daily, monthly, and quarterly expirations. this move mirrors the existing bitcoin and Ethereum options.
Previously, only futures for these altcoins where available. The new options provide more flexibility. They cater to growing institutional demand.The options are now live, giving institutional investors access to fully regulated derivatives on two of the most traded altcoins. The options are physically settled,available in both standard and micro sizes,and have daily,monthly,and quarterly expirations.
this means traders can now trade these altcoin options on the CME exchange in the same way they trade Bitcoin and Ethereum options. Until now, only SOL and XRP futures were available on the exchange.
The move comes after CME obtained regulatory approval from the CFTC, and after Solana and XRP futures already amassed notable trading volume. This liquidity contributed to CME’s decision to expand investor access. What’s more, wiht the addition of options trading, activity for the two altcoins will likely increase.
In particular, sence the launch of Solana futures in March, the platform facilitated trading of more than 540,000 contracts, with a notional value of $22.3 billion by September. Conversely, there were 370,000 XRP contracts traded since May, with a notional value of $16.2 billion. blue-chip altcoins were among the first to bounce back after the $1 trillion crypto market wipeout. While CME announced expanding it’s options trading in September, it still signals growing institutional interest in these altcoins.
