CFTC-Regulated Solana and XRP Options Go Live for Trading

In Brief

• CME launches CFTC-regulated Solana and XRP options with physical settlement and flexible expiries.
• Over $38B traded in SOL and XRP futures drives institutional demand for new CME products.
• XRP trades at $2.58 and SOL at $198.41, showing mild recovery after recent market declines.

CME Group has officially launched CFTC-regulated options on Solana (SOL) and Ripple’s XRP futures on October 13, 2025. The new contracts are now live and available on the CME trading platform in both standard and micro sizes.

These physically settled options integrate seamlessly into existing futures contracts, enabling traders to manage risk with greater flexibility. Expiry choices include daily, monthly, and quarterly options, allowing customised exposure for both institutional and retail participants.

The launch builds on CME’s previous success with SOL and XRP futures, which gained strong adoption since their introduction. XRP futures reached $1 billion in open interest faster than any other product in the company’s history.

CME initially disclosed plans for these options in September and confirmed deployment once regulatory clearance was obtained. The U.S. Commodity Futures Trading Commission approved the products, ensuring full compliance with federal trading regulations.

Institutional Interest Grows as Futures Volume Hits Billions

CME’s decision to add Solana and XRP options follows surging demand for altcoin futures from institutional investors. Since its March 17 launch, more than 540,000 SOL futures contracts have been traded.

XRP futures also gained traction, hitting 370,000 contracts with a total trading value of $16.2 billion since May 2025. August recorded peak volumes for both, reflecting increasing interest from larger market participants despite broader market volatility.

Today’s launch comes after both tokens dropped to multi-month lows during last week’s sell-off across the crypto market. However, prices have since recovered, with XRP trading at $2.58 and SOL near $198.41 at press time.

Both tokens are up over 2% in the past 24 hours, though still down more than 14% on the week. The release of regulated options adds another layer of institutional-grade products to CME’s growing crypto derivatives suite.