Key Highlights:
- CME Group will roll out Solana and XRP futures options on October 13, 2025, with regulatory approval.
- Solana and XRP options expiry to be issued daily, monthly, and quarterly.
- Both SOL and XRP futures are garnering immense attention, which has led to the latest move of proposing options trading for these contracts.
CME Group, the largest derivatives exchange in the world, has announced the expansion of its crypto-related services with the addition of Solana (SOL) and XRP-linked options futures. The new instruments will be released on October 13, 2025, and will depend on the approval of the regulator.
CME Group Eyes Solana, XRP Options Launch
The growth will include standard and micro-sized contracts of the two tokens in terms of expiry cycles, which will expire every weekday, every month, and every quarter. The firm claimed that the relocation will offer a greater number of hedging and trading products covering institutional and personal clientele.
CME Group’s Global Head of Cryptocurrency Products, Giovann Vicioso, stated that the next launch is indicative of the rising popularity of derivatives tied to other altcoins besides Bitcoin (BTC) and Ethereum (ETH). “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,” he noted.
Vicioso added, “Available in two different sizes, these contracts will offer a wide range of market participants – from institutions to sophisticated, active, individual traders – additional choice and greater flexibility to manage their exposure to two market-leading cryptocurrencies.”
Liquidity providers and trading firms have already pledged support for the new products. Roman Makarov, Head of Cumberland Options Trading at DRW, emphasized that the expansion marks another milestone in the evolution of crypto derivatives. “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,” he said. He added that demand for markets outside Bitcoin and Ether has accelerated.
Institutional desks also see the new contracts as timely tools for managing digital asset exposure. Joshua Lim, Global Co-Head of Markets at FalconX, pointed to growing balance-sheet activity in crypto. In CME Group‘s release, Lim stated:
“The rise of digital asset treasuries and other access vehicles for crypto has only accelerated the need for institutional hedging tools on Solana and XRP. FalconX is proud to partner with CME Group to improve market efficiency and broaden the derivatives liquidity available to our clients across an expanded universe of crypto assets.”
Growing Activity for Solana and XRP Futures
The move toward Solana and XRP options follows good activity in the futures based on the two tokens earlier this year. CME Group emphasized that more than 540,000 contracts have been traded since the debut of Solana futures on March 17, equivalent to the notional volume of $22.3 billion. The highest average daily volume (ADV) of 9,000 contracts with a value of $437.4 million and the value of the average daily open interest (ADOI) of 12,500 contracts were recorded in August 2025.
Since it was launched on May 19, XRP futures have been following the same trend. No less than 370,000 contracts or some $16.2 billion of notional value have been traded. Record activity was also registered in the previous month, with a record ADV of 6,600 contracts and ADOI amounting to 9,300 contracts with a value of $942 million.
As the new alternatives will be available in mid-October, CME Group is primed to expand its presence in crypto derivatives as the involvement in Solana and XRP markets keeps increasing at an alarming rate.
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