CME Group to launch options on Solana, XRP futures in October

CME will list options on Solana and XRP futures for the first time, extending regulated crypto derivatives beyond Bitcoin and Ether amid growing US market demand.

The Chicago Mercantile Exchange Group (CME), the world’s largest derivatives exchange, will expand its crypto offerings by introducing options on Solana and XRP futures starting Oct. 13.

The move builds on record trading activity in Solana (SOL) and XRP (XRP) futures contracts since their launches earlier this year, according to the exchange. It also marks the first time CME has extended its options offering beyond Bitcoin (BTC) and Ether (ETH).

Futures 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 prices. 

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