CME XRP and Solana Futures Hit $3 Billion Record Open Interest
Institutional investors fuel record $3 billion open interest in CME’s XRP and Solana derivatives, signaling their emergence as leading altcoin futures alongside Bitcoin and Ethereum.
Open interest in CME’s XRP and Solana futures and options reached a combined $3 billion on Monday, marking a record level for both products less than a year after launch. Data shows 9,900 XRP contracts and 17,400 Solana futures contracts opened during the session, including standard and micro versions. Solana futures, introduced in March 2025, surpassed $1 billion in open interest by August, while XRP futures hit the same milestone within three months of their May debut. The surge follows CME’s rollout of options trading for both products, with first trades executed in October by Wintermute, Superstate, Cumberland DRW, and Galaxy. CME plans to offer crypto futures and options for trading 24/7 from early 2026, pending approval.
- Open Interest: The total number of outstanding futures or options contracts that have not been settled, indicating market activity and investor interest.
- CME Group: A global derivatives marketplace offering regulated futures and options across asset classes including cryptocurrencies like Bitcoin, Ethereum, XRP, and Solana.
- Micro Futures: Smaller-sized futures contracts designed to provide more precise exposure and flexibility for traders, often used by retail and institutional investors alike.