CME Group just announced the launch of options on Solana (SOL) and XRP futures on October 13, following regulatory review.
CME Group is the world’s leading derivatives marketplace, and it enables clients to:
- Trade futures, options, cash, and OTC rewards
- Optimize portfolios
- Analyze data
- Empowers global participants to manage risks and capture opportunities
CME Group’s Details on Options Launch for SOL and XRP Futures
According to the official announcement released by CME Group today, after the launch of these new crypto products, clients will be able to trade options on SOL, Micro SOL, XRP, and Micro XRP futures.
Expiries will be available every day from Monday to Friday. Monthly and quarterly expiries will also be available.
CME Group Global Head of Crypto Products, Giovanni Vicioso, said that the launch of these products builds on the important growth and increasing liquidity across the firm’s suite of SOL and XRP futures.
The contracts, which come in two sizes, will provide market participants, including institutional traders and individuals, with more choices and greater flexibility to manage exposure to SOL and XRP.
Cumberland, FalconX Support CME Group’s Plans
The official press release also quoted Roman Makarov, Head of Cumberland Options Trading at DRW, who said that Cumberland, which is currently one of the biggest liquidity providers in the ecosystem, supports CME Group’s expansion of crypto products.
He said that the firm’s latest launch plans are a fresh example of the move beyond BTC and ETH, showing continued demand from the market for exposure to other digital asset products.
Also, another supporter of CME Group’s move is FalconX, an institutional crypto brokerage firm. Its Co-Head of Markets, Joshua Lim, said that the rise of crypto asset treasuries and other crypto products has boosted the need for institutional hedging tools on SOL and XRP.
FalconX is set to boost market efficiency and broaden the derivatives liquidity available to its clients.
CME Group’s SOL and XRP Futures Adoption
The official notes also highlight CME Group’s SOL and XRP futures products, revealing that:
- Over 540,000 SOL futures contracts worth $22.3 billion have traded since their March 17 launch.
- A record monthly SOL futures ADV (average daily volume) of 9,000 contracts worth over $437 million, and ADOI (average daily open interest) of 12,500 contracts worth %895 million traded in August 2025.
- Over 370,000 XRP futures contracts worth more than $16 billion have traded since May 19.
- Record monthly XRP futures ADV of 6,600 contracts worth over $385 million and a record ADOI of 9,300 contracts worth $942 million traded in August 2025.
Today, September 17, both SOL and XRP are trading in the green, priced at over $235 and above $3, respectively.
It’s also worth noting that both SOL and XRP were mentioned earlier this year by the US President Donald Trump, who proposed a US crypto reserve that would include the digital assets, together with BTC, ETH, and ADA.
