CME Group Expands Crypto Derivatives With Spot-Quoted XRP and Solana Futures
CME Group has launched Spot-Quoted XRP and SOL futures, expanding its lineup of cryptocurrency derivatives and extending a product format it previously introduced for Bitcoin and Ether.
The new contracts began trading on Dec. 15, 2025, according to a company announcement. CME said the products are designed to let market participants trade futures positions in spot-market terms while still using a futures structure with a longer-dated expiry.
“We’ve seen strong demand for … and we are pleased to add XRP and SOL to our offering,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. He added that the contracts are the company’s smallest within its crypto complex, aiming to provide more precise position sizing and broader accessibility, while being quoted in terms clients are already familiar with.
CME positioned the launch as an extension of its Spot-Quoted suite, which already includes Spot-Quoted Bitcoin and Ether futures. The company also noted that spot-quoted futures are available across major U.S. equity indices, including the S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average.
One key distinction highlighted in the provided material is that, unlike earlier cash-settled XRP futures, these Spot-Quoted contracts use real spot pricing as the settlement basis. The goal is to align futures trading more closely with how participants reference prices in the spot market.
The launch follows CME’s earlier expansion into XRP futures. In May 2025, XRP first appeared on CME with the introduction of XRP and Micro XRP futures. CME has also said it plans to offer options for Solana and XRP, adding another layer of risk management tools on top of the futures listings.
Broader context for the move includes growing activity in these products: the information provided notes that combined XRP and Solana futures open interest reached $3 billion by early November, with XRP cited as showing the fastest growth among new CME contracts.
CME Group operates the CME Globex electronic trading platform, serving customers in roughly 150 countries, and clears transactions through CME Clearing, which acts as the counterparty to cleared trades across listed and OTC derivatives.