After a page detailing CME's Solana and XRP futures was leaked, a spokesperson confirmed that it was an early mockup and that formal plans had not yet been finalized.
The Chicago Mercantile Exchange, a world leader in derivatives trading, is preparing to introduce Solana (SOL) and Ripple (XRP) futures contracts as early as February 10, according to a page leaked from its beta website. It may be in progress. The page was quickly removed, but it detailed the contract's key specifications.
However, Fox Business journalist Eleanor Terrett reported that a CME spokesperson described the beta website as a draft environment used for mockups, which was published in error.
“No formal decision has yet been made regarding the launch of futures contracts for either token,” the spokesperson clarified.
“Honestly, it makes sense and is about as expected if it's true,” Bloomberg ETF analyst James Seifert said of the leak.
According to leaked details, Solana and XRP futures contracts will be available in standard and micro sizes.
Solana's standard contract lot size is 500 SOL, while micro contracts are reduced to 25 SOL. Similarly, a standard futures contract for XRP contains 50,000 XRP per lot, and the micro-contract size is 2,500 XRP.
All contracts are expected to be settled in US dollars, which is convenient for institutional investors who are wary of direct crypto settlements.
The re-election of Donald Trump and the resignation of former SEC Chairman Gary Gensler have reignited optimism among investors, and companies are racing to bring products like Solana and the XRP ETF to market.
For example, ProShares filed an application for a Solana futures ETF on January 17th, and WisdomTree filed for an XRP ETF in December 2024. Other companies such as Bitwise, 21Shares, and Canary Capital are also racing to introduce various ETFs.
Seyffart noted that the availability of Solana futures on CME could address the question of whether the current Solana futures market, dominated by Coinbase, has the liquidity needed for such a product. did. “I don’t know if Coinbase SOL futures are sufficiently sized and liquid,” Seifert said in an earlier tweet.
