CME Launches XRP and Solana Spot-Quoted Futures Trading

CME Group introduces QXRP and QSOL futures with plans to expand into ADA, LINK, XLM and micro contracts, alongside 24/7 electronic options and futures services pending regulatory approval.

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Summary

CME Group announced the launch of spot-quoted futures contracts for XRP (QXRP) and Solana (QSOL) on January 16. The exchange plans to roll out 24/7 electronic options and futures trading following its current schedule. Additionally, CME aims to introduce futures for Cardano (ADA), Chainlink (LINK), and Stellar (XLM), as well as micro versions, on February 9, subject to regulatory review.

Terms & Concepts
  • Spot-quoted futures: Futures contracts whose prices directly track the underlying asset’s spot market value.
  • Electronic options: Options contracts traded through digital platforms without physical exchange interaction.
  • Futures trading: Buying or selling contracts to trade assets at a predetermined price on a future date.