CME Group to Introduce Options on XRP and Solana Futures

Earlier this summer, CME launched XRP futures, which quickly gained popularity and saw open interest exceeding $1 billion in August. The exchange's next step is to launch options on existing contracts.

According to CME, options will be available for both standard futures and their smaller "Micro" versions. Giovanni Viscioso, Global Head of Crypto Products at CME, emphasized that the decision is based on the growing trading activity and liquidity of the XRP and Solana contracts. According to him, the new products will be offered in two sizes, providing market participants with greater flexibility in managing their strategies.

Since the introduction of Solana futures, their combined trading volume has reached $22.3 billion, while XRP's figure has reached $16.2 billion. Despite the fact that Solana contracts launched two months earlier, XRP still managed to capture a significant share.

Institutional players such as FalconX and DRW will support this new phase of expansion. Their participation should facilitate the successful implementation of options and increase confidence in CME crypto products.

In the short term, XRP may gain additional attention due to high trading activity and discussions about the prospects of launching a spot ETF. However, analysts believe these factors may fade within the next month.

Nevertheless, the launch of options could create new incentives for institutional trading. While XRP and Solana futures have already driven interest in the tokens, options could further enhance this effect and cement both coins' positions among professional market participants.

CME thus continues to strengthen its presence in the crypto sector, focusing on developing tools for large investors and expanding the range of risk management strategies.