Important points
- CME plans to launch XRP and Solana futures on February 10, pending regulatory approval.
- Futures include standard and micro-sized contracts that offer flexible trading options.
Share this article
XRP and Solana (SOL) futures trading will begin on February 10th on the Chicago Mercantile Exchange (CME), subject to regulatory approval, according to a leaked page from its staging website. It has been suggested that this is possible. According to CoinGecko, the unconfirmed news caused an immediate 3% spike in both XRP and SOL.
This subdomain was first discovered by X's handle “Summers” and confirmed by Bloomberg ETF analysts James Seifert and Eric Balchunas, and is available in both standard and micro-sized contracts. unveiled plans for “regulated, capital-efficient futures” on three major crypto assets. Smaller contracts are intended to give traders more flexibility in risk management and position scaling.
This domain was removed shortly after discovery.
Seyffart noted that if the staging site accurately reflects CME's plans, the start date would likely be Feb. 10. He added that such a move was “largely expected.”
According to the contract specifications outlined on this page, standard Solana futures will trade in 500 SOL increments and micro Solana futures will trade in 25 SOL increments.
XRP futures will be available in units of 50,000 XRP, and the microcontract size will be 2,500 XRP. All contracts are financially settled in USD and support multiple trading methods including outright futures, basis trading at index close (BTIC), and block trading.
Monthly futures contracts will include BTIC and block trading functionality at launch.
CME has not yet issued a statement confirming that Either Accuracy of information found in staging website or SOL and XRP futures trading.
Last month, Volatility Shares filed with the SEC for a Solana futures-based ETF, with the goal of tracking Solana price movements through CFTC-regulated futures contracts. The proposed ETF also incorporates Solana-related financial instruments, which could increase institutional interest in Solana. The approval of this ETF could pave the way for a potential spot Solana ETF.
Balciunas has suggested that a Solana futures ETF could be launched as early as mid-March, but he doubts there will be enough demand given the expectations for a spot Solana ETF. are.
This is a developing story.
Share this article
