CME Group plans to launch SOL and XRP futures options

ChainCatcher news, according to The Block, CME Group plans to launch Solana (SOL) and Ripple (XRP) futures options on October 13, pending regulatory review.

CME Group stated on Wednesday that the new contracts will cover standard and micro options on SOL and XRP futures, with expiration dates divided into daily, monthly, and quarterly. The addition of these options is intended to provide institutional investors and active traders with greater flexibility in managing risk exposure to these two cryptocurrencies. Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, said that the plan to launch these options is due to the "significant growth and increasing liquidity" of SOL and XRP futures on the exchange.