TL;DR
CME Group, the world’s largest derivatives marketplace, announced it will launch options on Solana and XRP futures on October 13, 2025, pending regulatory approval.
The decision responds to sustained growth in trading of both assets since their listing earlier this year and aims to provide new tools for hedging and exposure to institutions and sophisticated traders.
The options will be available for both standard and Micro futures, with daily, monthly, and quarterly expirations. This setup increases flexibility for managing risk and positioning in two of the most liquid assets after Bitcoin and Ethereum. According to CME’s Global Head of Cryptocurrency Products, Giovanni Vicioso, the depth achieved in Solana and XRP futures demonstrates a solid foundation to expand the range of derivatives.
Solana futures, launched in March, have traded over 540,000 contracts with a notional value of $22.3 billion. In August, they reached a record average daily volume of 9,000 contracts ($437.4 million notional) and an average daily open interest of 12,500 contracts ($895 million notional). XRP futures, introduced in May, exceeded 370,000 contracts with a notional value of $16.2 billion. That same month, they recorded an average daily volume of 6,600 contracts ($385 million) and an open interest of 9,300 contracts ($942 million).
The launch is the result of clear market demand for exposure to a broader range of cryptocurrencies. The expansion of corporate treasuries in Solana and XRP increases the need for regulated hedging instruments. The liquidity accumulated in the futures market justifies the introduction of options.
CME Group will strengthen the position of Solana and XRP in the regulated derivatives market, a space that until recently was largely reserved for BTC and ETH
Also read: Crypto 101: How to Make Money While Sitting at Home
