CME Group has launched Spot-Quoted futures for XRP ($1.9179) and Solana ($127.32), broadening its crypto derivatives lineup with contracts that closely track real-time market prices.
The new contracts follow the structure of CME’s Spot-Quoted Bitcoin ($87,783.58) and Ether ($2,912.07) futures. Unlike traditional futures, which may trade at a premium or discount due to financing costs, Spot-Quoted contracts reflect the spot price directly, with financing adjustments handled at settlement.
“Since June, our Spot-Quoted Bitcoin and Ether futures have seen over 1.3 million contracts traded,” said Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products. “Adding XRP and SOL gives traders more options to access spot-market exposure.”
CME’s smallest crypto contracts to date, the new futures are designed for traders seeking spot-market exposure without managing expiries or rollovers. The contracts are listed on CME and CBOT alongside major equity index futures.
CME also enabled Trading at Settlement (TAS) for XRP, SOL, and their Micro futures, allowing trades at a spread to the 4:00 p.m. ET settlement price before it is finalized. TAS supports block trades, risk management around crypto ETFs, and NAV-related activity via CME Globex.
The launch follows CME’s October introduction of options on SOL, Micro SOL, XRP, and Micro XRP futures across daily, monthly, and quarterly expiries.
