CME Group has expanded its crypto derivatives offerings with the launch of Spot-Quoted futures for XRP ($1.9179) and Solana ($127.32), giving traders contracts that closely track real-time market prices.
The new contracts follow the framework of CME’s Spot-Quoted Bitcoin ($87,783.58) and Ether ($2,912.07) futures. Unlike traditional futures, which can trade at a premium or discount due to financing costs, Spot-Quoted contracts reflect the underlying spot price directly, with financing adjustments settled separately.
“Demand for our Spot-Quoted Bitcoin and Ether futures has been strong, with over 1.3 million contracts traded since June,” said Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products. “We’re excited to add XRP and SOL to our lineup.”
These are CME’s smallest crypto contracts to date, targeting active traders who prefer spot-market exposure without managing expiries or rollovers. Spot-Quoted Bitcoin and Ether contracts have averaged 11,300 daily contracts, peaking at 60,700 on November 24.
The contracts are available on CME and CBOT alongside major equity index futures. CME has 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 risk management around crypto ETFs, NAV creation or redemption, and block trades via CME Globex.
This follows CME’s October introduction of options on SOL, Micro SOL, XRP, and Micro XRP futures, covering daily, monthly, and quarterly expiries.
