CME launches options for Solana and XRP under CFTC oversight

The Chicago Mercantile Exchange Group (CME), the world’s largest derivatives marketplace, has launched options products for Solana and XRP, which are regulated by the US Commodity Futures Trading Commission (CFTC). Trading has officially started ￰1￱ now have the ability to trade options on SOL, Micro SOL, XRP, and Micro XRP futures, with expiries available every day of the business week, every month and every quarter. CFTC-regulated options on Solana and XRP are now live and trading today 🚀 ✅ Seamless integration: Physically settled into the underlying futures contract. ✅ Flexible exposure: Trade larger and micro ￰2￱ Crypto options contracts ➡️ ￰0￱ ￰3￱ — CME Group (@CMEGroup) October 13, 2025 According to CME , these options allow physical delivery against corresponding futures and support both standard and micro contract ￰4￱ also carry the advantage of enhancing risk management tools for institutional traders.

CME’s futures for XRP and SOL increase optimism In 2017, the CME approved the first Bitcoin Futures contract, effectively signaling its interest in ￰5￱ time, the mega exchange listed more crypto products, including Ethereum, Solana, and XRP futures. Also, they have added not only futures but also option contracts for Bitcoin, Ethereum, and now XRP and ￰6￱ are contracts to buy or sell an asset at a set price on a future date, while options give traders the right, but not the obligation, to buy or sell those futures at predetermined ￰7￱ benefit is that the more crypto options products the CME lists, the better the liquidity and price efficiency of the associated tokens ￰8￱ involvement of institutional-grade market makers and hedge funds effectively deepens liquidity pools for SOL and XRP, tightening spreads and reducing ￰9￱ to a previous statement by Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products, “Available in two different sizes, these contracts will offer a wide range of market participants – from institutions to sophisticated, active, individual traders – additional choice and greater flexibility to manage their exposure to two market-leading cryptocurrencies.” Meanwhile, institutional investors are quickly embracing CME’s futures for XRP and ￰10￱ standard Solana futures contract, sized at 500 SOL, launched in mid-March and crossed the $1 billion notional open interest mark in ￰11￱ the other hand, futures tied to the payments-focused XRP crossed that threshold in August, just three months after they began trading with a standard contract size of 50,000 ￰12￱ open interest, which represents the outstanding value of contracts, reached a record $39 billion in mid-September, CME ￰13￱ August, CME had 335,200 outstanding contracts, up 95% year-over-year, it ￰14￱ organization is also working towards another ￰15￱ to its official announcement, its crypto futures and options, which currently cover Bitcoin and Ethereum, will become tradable 24/7 in early 2026, pending regulatory ￰16￱ crypto derivatives open interest holds near $4 billion Due to regulatory clarity from measures such as the GENIUS Act and a pro-crypto White House, demand for regulated crypto derivative products has been growing ￰17￱ far, the demand has been met by traditional exchanges as well as US-based fintech companies and crypto ￰18￱ February, Coinbase introduced Solana (SOL) futures contracts in the US, including standard and “nano” contract ￰19￱ exchange later announced the acquisition of the options exchange ￰20￱ interest across crypto futures and perpetual contracts.