CME Group To Launch Options On Solana And XRP Futures

CME Group has announced plans to launch options on Solana (SOL) and XRP futures on 13 October 2025, pending regulatory approval.

The products will include options on SOL, Micro SOL, XRP and Micro XRP futures. Expiries will be available daily during the business week, as well as monthly and quarterly.

Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products, said the launch builds on growth in the firm’s existing Solana and XRP futures contracts.

"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. 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."

— Giovanni Vicioso, Global Head of Cryptocurrency Products, CME Group

Roman Makarov, Head of Cumberland Options Trading at DRW, said his firm welcomed the expansion of CME’s cryptocurrency offering.

"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. The launch of options on Solana and XRP futures is the latest example of the move beyond the staples of bitcoin and ether and demonstrates continued demand from the market to have exposure to a broader set of products."

— Roman Makarov, Head of Cumberland Options Trading, DRW

Joshua Lim, Global Co-Head of Markets at FalconX, added that the products would help meet demand for institutional hedging tools in digital assets.

"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."

— Joshua Lim, Global Co-Head of Markets, FalconX

Since launch, CME Group reported strong adoption of its Solana and XRP futures. More than 540,000 Solana contracts ($22.3 billion notional) have traded since March, with August 2025 marking a record average daily volume of 9,000 contracts ($437.4 million notional) and open interest of 12,500 contracts ($895 million notional).

XRP futures have seen more than 370,000 contracts ($16.2 billion notional) trade since May. August 2025 also set records, with average daily volume of 6,600 contracts ($385 million notional) and open interest of 9,300 contracts ($942 million notional).

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