Chicago Mercantile Exchange (CME) announced that it is expanding its crypto derivative product offering with the launch of XRP and Solana (SOL) spot futures contracts.
These new contracts are designed to complement the current range of physically traded futures already available for Bitcoin (BTC) and Ether (ETH). All can be traded in relation to major US stock indexesS&P 500, Nasdaq 100, Russell 2000, Dow Jones Industrial Average, etc.
As reported by CriptoNoticias, CME, the world’s largest and most prestigious financial derivatives exchange, had already launched XRP futures in May. In this way, we strengthen our position in the digital asset derivatives market and provide investors with additional tools for risk management and price speculation.
A spot-traded futures contract is a type of derivative contract that directly reflects the spot price of the underlying asset (in this case, XRP and SOL) and is settled daily in cash. Its features allow investors to Take a futures position with market conditions equal to the current price of the digital asset.
Unlike traditional futures, they are settled at a valuation that closely tracks the spot index, making them easier to understand and operate. moreover, These contracts offer long maturities, making them attractive to institutional investors.This removes the obligation to update positions regularly.
“We are seeing strong demand for spot-traded Bitcoin and Ether futures, with over 1.3 million contracts traded since our launch in June,” emphasized Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group.
