CME Group launches options on Solana and XRP futures

CHICAGO - CME Group (NYSE: CME), a leading financial derivatives exchange with a market capitalization of $97.2 billion and an impressive track record of maintaining dividend payments for 23 consecutive years, announced Tuesday that its new options on Solana (SOL) and XRP futures are now available for trading, with the first trades already executed. According to InvestingPro data, the company maintains robust financial health with a 100% gross profit margin.

The first trade for options on XRP futures occurred on Sunday between Wintermute and Superstate, while the first options trade on SOL futures took place Monday between Cumberland DRW and Galaxy.

The new offerings include options on SOL, Micro SOL, XRP, and Micro XRP futures, with daily, monthly and quarterly expiries available to traders.

Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, said the new options provide traders with additional tools to enhance cryptocurrency investment and hedging strategies, building on the liquidity established in the company’s Solana and XRP futures markets.

Ethan Ren, Head of Options at Wintermute Group, noted that the launch represents an extension of listed crypto derivatives beyond Bitcoin and Ethereum, reflecting growing market sophistication.

Roman Makarov from Cumberland Options Trading at DRW pointed to increasing institutional demand for more digital asset trading options, while Jason Urban of Galaxy described the new offerings as an important step in the evolution of regulated crypto derivatives.

The launch expands CME Group’s cryptocurrency derivatives suite, which has been growing as institutional participation in digital asset markets increases. The new options complement the company’s existing cryptocurrency futures products.

This information is based on a press release statement from CME Group. For deeper insights into CME’s financial performance and growth prospects, including 7 additional exclusive ProTips and comprehensive valuation metrics, visit InvestingPro, where you’ll find detailed analysis in our Pro Research Report, part of our coverage of over 1,400 US equities.

In other recent news, CME Group has been active with several new developments. The company announced it will expand its cryptocurrency futures and options trading to a 24/7 schedule starting in early 2026, pending regulatory review, to meet increasing client demand for continuous risk management. Additionally, CME Group plans to launch options on Solana and XRP futures on October 13, 2025, with a range of expiry options available, following significant growth in these cryptocurrency futures products. In a bid to enhance capital efficiencies, CME Group has filed with the CFTC to expand its cross-margining agreement with The Depository Trust & Clearing Corporation for end-user clients by December 2025, subject to approval. Meanwhile, CME Group’s credit futures have reached significant milestones, with trading volume surpassing 450,000 contracts and open interest hitting 6,800 contracts. Analyst firm Raymond James has adjusted its price target for CME Group, lowering it slightly to $307 while maintaining an Outperform rating. These recent developments highlight CME Group’s ongoing efforts to expand its product offerings and improve client services.

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