CME Group Expands Crypto Derivatives with Spot-Quoted XRP and Solana Futures
On December 15, 2025, CME Group announced the launch of Spot-Quoted futures for XRP and Solana (SOL), allowing trading at prices closely aligned with real-time market values without contract expiries or rollovers. These new contracts are CME’s smallest crypto contracts to date and directly track the spot price, with financing adjustments handled at settlement.
The Spot-Quoted XRP price is $1.9976 and the Spot-Quoted Solana price is $132.23. For comparison, existing Spot-Quoted Bitcoin and Ether futures prices are listed as reference at BTC $89,629.86 and ETH $3,125.57 respectively. In addition, Trading at Settlement (TAS) is now enabled for XRP, SOL, and their Micro futures, facilitating settlement-price-based execution, risk management for crypto ETFs, net asset value creation/redemption, block trades, and anonymous order-book activity through CME Globex.
These XRP and SOL Spot-Quoted contracts are listed on CME and CBOT alongside major equity index futures. Since June, Spot-Quoted Bitcoin and Ether futures have seen over 1.3 million contracts traded, with an average daily volume of 11,300 and a record 60,700 contracts traded on November 24.
Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, stated there is strong demand for Spot-Quoted Bitcoin and Ether futures and welcomed the introduction of XRP and SOL futures. This expansion follows CME’s October launch of options on SOL, Micro SOL, XRP, and Micro XRP futures available in daily, monthly, and quarterly expiries.
