CME is planning to launch options agreements for XRP and Solana Futures. New features for SOL, Micro Sol, XRP, and Micro XRP futures should be made public in less than a month.
This development should be very bullish for the underlying assets if everything goes smoothly, but there is no immediate price impact yet. Market conditions may change over the coming weeks, making forecasting difficult.
Adding options to XRP futures CME
Sponsored Sponsors
The CME Group was extremely successful when it launched its XRP futures a few months ago, boosting its underlying tokens with institutional investments. These products reached $1 billion open-in tests last month, but CME is currently planning to expand its options.
Specifically, CME has issued a statement claiming it will offer options for XRP and Solana Futures. Clients can invest in these contracts and their “micro” counterpart options. This flexibility is a central component of CME’s consumer engagement strategies.
“The launch of these options agreements is based on the significant growth and increase seen in Solana and XRP futures suites. Available in two different sizes, these agreements offer additional choice and flexibility for a wide range of market participants.”
The growth potential of two tokens
CME noted that Solana Futures has achieved $22.3 billion in total transactions and has acquired $16.2 billion for XRP Futures. Of course, the XRP market is a scary player as the previous product was released two months ago.
Falconx and DRW will continue to partner with CME to support these new contracts. Assuming that regulators agree to CME’s proposal, options on XRP and Solana futures will begin trading on October 13th.
There are some bullish developments in the short term, such as the two-month height of XRP trading and potential new spot ETFs, but these factors may not be so relevant in a month.
Still, this could be a significant market opportunity. CME’s XRP and Solana futures contracts are bullish developments of underlying assets, and options could further increase profits.
