CME Group to Launch Options on Solana and XRP Futures

Rhea-AI Summary

CME Group (NYSE:CME), the world's leading derivatives marketplace, has announced the launch of options on Solana (SOL) and XRP futures scheduled for October 13, 2025, pending regulatory review. The new offerings will include options on SOL, Micro SOL, XRP, and Micro XRP futures, with daily, monthly, and quarterly expiries.

The expansion follows significant success in their existing crypto futures products, with Solana futures reaching over 540,000 contracts ($22.3 billion notional) and XRP futures exceeding 370,000 contracts ($16.2 billion notional). In August 2025, Solana futures achieved record monthly ADV of 9,000 contracts, while XRP futures hit 6,600 contracts ADV.

Positive

• Strong adoption metrics with over $22.3B in Solana futures and $16.2B in XRP futures traded since launch
• Record monthly trading volumes achieved in August 2025 for both products
• Expansion of product offerings beyond Bitcoin and Ethereum shows market demand
• Partnership with major liquidity providers Cumberland and FalconX

Negative

• Launch still pending regulatory review
• Potential exposure to cryptocurrency market volatility

News Market Reaction

+0.99%

1 alert

+0.99% News Effect

On the day this news was published, CME gained 0.99%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHICAGO, Sept. 17, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced plans to launch options on Solana (SOL) and XRP futures on October 13, 2025, pending regulatory review.

With the launch of these new products, clients will 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.

"The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures," said 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."

"As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group's continued expansion of crypto offerings," said Roman Makarov, Head of Cumberland Options Trading at DRW. "The launch of options on Solana and XRP futures is the latest example of the move beyond the staples of bitcoin and ether and demonstrates continued demand from the market to have exposure to a broader set of products."

"The rise of digital asset treasuries and other access vehicles for crypto has only accelerated the need for institutional hedging tools on Solana and XRP," said Joshua Lim, Global Co-Head of Markets at FalconX. "FalconX is proud to partner with CME Group to improve market efficiency and broaden the derivatives liquidity available to our clients across an expanded universe of crypto assets."

Since their respective launches, CME Group's suite of Solana and XRP futures have become some of the company's most quickly adopted futures products. Trading highlights include:

• More than 540,000 Solana futures contracts ($22.3 billion in notional) have traded since launch on March 17.
• Record monthly Solana futures average daily volume (ADV) of 9,000 contracts ($437.4 million in notional) and average daily open interest (ADOI) of 12,500 contracts ($895 million in notional) in August 2025.
• More than 370,000 XRP futures contracts ($16.2 billion in notional) have traded since launch on May 19.
• Record monthly XRP futures ADV of 6,600 contracts ($385 million in notional) and record ADOI of 9,300 contracts ($942 million in notional) in August 2025.

For more information on these products, please visit www.cmegroup.com/cryptooptions.

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

CME-G

 

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SOURCE CME Group

FAQ

When will CME Group launch options trading for Solana and XRP futures?

CME Group plans to launch options on Solana and XRP futures on October 13, 2025, subject to regulatory review.

What is the trading volume for CME Group's Solana futures?

CME Group's Solana futures have traded more than 540,000 contracts with a notional value of $22.3 billion since launch.

What was the average daily trading volume for XRP futures on CME in August 2025?

XRP futures reached a record monthly average daily volume (ADV) of 6,600 contracts with a notional value of $385 million in August 2025.

What types of crypto options will be available on CME Group?

CME Group will offer options on SOL, Micro SOL, XRP, and Micro XRP futures with daily, monthly, and quarterly expiries.

How many XRP futures contracts have been traded on CME since launch?

More than 370,000 XRP futures contracts with a notional value of $16.2 billion have been traded since launch on May 19.