CME Group has launched options trading on Solana (SOL) and XRP futures, offering institutional traders new ways to manage risk and diversify strategies in the crypto market. The contracts include standard and micro versions, with daily, monthly, and quarterly expiries.
The first XRP options trade reportedly took place on October 12 between Wintermute and Superstate. The first SOL options trade followed on October 13, executed by Cumberland DRW and Galaxy, marking the debut of the contracts in live trading.
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New Options Expand Institutional Tools
Giovanni Vicioso, the Global Head of Cryptocurrency Products at CME Group, said the launch provides traders with additional tools to enhance crypto investment and hedging strategies.
“As the crypto market continues to mature, market participants increasingly are looking to manage their exposure and pursue new opportunities across a wider range of crypto instruments,” he said.
“With the deep liquidity we've built in our Solana and XRP futures markets, these new options provide traders with additional tools to further enhance their growing cryptocurrency investment and hedging strategies,” he explained.
The addition of SOL and XRP options reflects growing demand for regulated crypto derivatives beyond Bitcoin and Ethereum, allowing market participants to manage exposure better and pursue more complex strategies.
CME Group offers futures, options, and OTC products across major asset classes, including cryptocurrencies. Through its trading and clearing platforms, the company supports global market participants in managing risk and capturing investment opportunities.
The launch of SOL and XRP options further broadens CME’s crypto derivatives suite, giving institutional traders regulated avenues to access and hedge exposure in fast-growing digital asset markets.
Futures and Options Markets 24/7
Early this month, CME announced plans to open its cryptocurrency futures and options markets for 24/7 trading starting early 2026, subject to regulatory approval. At present, CME’s regulated crypto products are only available during set trading hours and close over weekends, unlike the broader crypto market, which operates continuously.
CME said the move to nonstop trading is driven by growing client demand for continuous risk management in fast-moving digital asset markets.
Tim McCourt, Global Head of Equities, FX and Alternative Products at CME Group, said that while not all markets are suited to operating around the clock, the nature of crypto trading and client needs support the shift. He added that extending trading hours will allow market participants to trade with greater confidence at any time of the week.
This article was written by Jared Kirui at www.financemagnates.com.
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