CME Group Expands Crypto Offerings With New XRP and Solana Spot-Quoted Futures

CME Group has introduced Spot-Quoted futures for XRP ($1.9179) and Solana ($127.32), expanding its crypto derivatives suite with contracts that closely track real-time market prices.

These new contracts follow the model of CME’s Spot-Quoted Bitcoin ($87,783.58) and Ether ($2,912.07) futures. Unlike standard futures, which can trade at premiums or discounts due to financing costs, Spot-Quoted contracts track the spot price directly, with financing adjustments settled separately.

“Demand for our Spot-Quoted Bitcoin and Ether futures has been strong, with over 1.3 million contracts traded since June,” said Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products. “We’re pleased to extend this offering to XRP and SOL.”

CME’s smallest crypto contracts to date, the new products target traders who prefer spot-market exposure without managing expiries or rollovers. Spot-Quoted Bitcoin and Ether futures have averaged 11,300 contracts daily, reaching a record 60,700 contracts on November 24.

The contracts are listed on CME and CBOT alongside major equity index futures. CME also activated Trading at Settlement (TAS) for XRP, SOL, and their Micro futures, enabling trades at a spread to the 4:00 p.m. ET settlement price before it is finalized.

TAS facilitates risk management around crypto ETFs, NAV creation or redemption, and block trades via CME Globex, giving traders flexibility in execution.

This expansion follows CME’s October launch of options on SOL, Micro SOL, XRP, and Micro XRP futures, covering daily, monthly, and quarterly expiries.