CME Group, the world’s largest derivatives exchange, has launched Solana (SOL) and XRP options products regulated by the US Commodity Futures Trading Commission (CFTC).
At this point, trading for XRP and Solana options products on CME officially began on October 14.
These options allow for physical delivery against the corresponding futures contracts and support both standard and microcontract trading. The new products will include both standard and micro options and offer trading on daily, monthly, and quarterly maturities. This will allow investors to trade options on SOL, Micro SOL, XRP, and Micro XRP futures.
The addition of SOL and XRP options is expected to increase market liquidity and provide investors with new strategies for risk management and capitalizing on market movements.
Until now, only SOL and XRP futures were available on the exchange. With the addition of options trading, activity related to the two altcoins is likely to increase.
XRP futures have experienced an unexpected surge in CME open interest, breaking records in a short period of time. According to data, XRP futures reached $1 billion in open interest in just three months, making it the fastest contract in CME history to reach $1 billion. At this point, XRP futures have recorded their fastest growth ever, reaching this milestone in just three months.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/a-new-era-has-begun-for-xrp-and-solana-sol-cme-group-announces-big-news/
