CME Group to launch options on Solana and XRP futures

Derivatives marketplace CME Group has announced plans to launch options on Solana and XRP futures, with this scheduled for rollout on October 13, 2025.

CME Group said in a press release that the two contracts on SOL and XRP are pending regulatory approval.

When the nod comes for launch, the platform will offer both standard and micro sized options. These are SOL, Micro SOL, XRP, and Micro XRP futures.

Investors will be able to tap into daily, monthly and quarterly expiries, CME Group said.

“The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,” said Giovanni Vicioso, CME Group global head of cryptocurrency products

SOL and XRP futures growth

According to Vicioso, the launch of options on SOL and XRP futures will offer market participants access to fresh opportunities to tap into the crypto market’s potential.

Eligible for the products will be institutions and “sophisticated, active, individual traders,” the CME exec noted.

What the investors get is access to greater choice and flexibility when it comes to managing their exposure to two of the crypto ecosystem’s top assets.

CME’s move to add to its options contracts for SOL and XRP continues the platform’s huge presence as a provider of digital asset derivatives products, having pioneered the foray with its listing of Bitcoin futures in 2017.

The marketplace added Ethereum contracts in 2021, with this coming as crypto garnered fresh institutional interest

“As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,” said Roman Makarov, Head of Cumberland Options Trading at DRW.

“The launch of options on Solana and XRP futures is the latest example of the move beyond the staples of bitcoin and ether and demonstrates continued demand from the market to have exposure to a broader set of products,” Makarov added.

Both Solana and XRP futures have witnessed significant growth metrics since they launched on CME in March and May respectively

CME has noted that Solana and XRP futures are two of its fastest adopted futures products.

Solana has seen more than 540,000 SOL futures contracts worth over $22.3 billion in notional since March 17.

Elsewhere, XRP has witnessed more than $16 billion, or over 370,000 XRP futures contracts traded since May 19.

In the market, Solana and XRP have had spot price gains of 76% and 415% over the past year respectively.

As well as futures and options products, speculative momentum around potential exchange-traded funds approval continues to drive bulls.

SOL price hovered around $234 and XRP near $3.02 at the time of writing.

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