One of the world’s largest derivatives exchanges, CME Group, plans to launch options on futures. Solana и XRP October 13. They are currently awaiting regulatory review.
The new contracts will include both standard and micro options on SOL futures and XRP CME announced the addition of new trading options with expiration dates available daily, monthly, and quarterly. These additions are intended to provide institutional and active traders with greater flexibility in managing risks associated with the two cryptocurrencies.
CME Group’s global head of cryptocurrency products, Giovanni Viccioso, said the planned launch follows «significant growth and increased liquidity» in futures on Solana и XRP on the exchange.
Since its debut in March, more than 540,000 futures contracts have been traded on the CME. Solana and more than 370,000 contracts on XRPBoth products reached records in August: daily notional futures volume Solana amounted to approximately $437 million, and XRP — almost $385 million.
FalconX Global Head of Markets Joshua Lim said demand for institutional hedging instruments in Solana и XRP has grown with the introduction of digital asset treasury.
FalconX is proud to partner with CME Group to improve market efficiency and expand the derivatives liquidity available to our clients across a wide range of crypto assets,” he said.