CME Group has launched the following spot indicative futures trading. XRP$1.9313 and solana sol$126.83expands its lineup of crypto derivatives designed to be traded at prices close to real-time market prices.
The new contract mirrors CME's existing spot market Bitcoin structure. BTC$86,982.70 and ether Ethereum$3,008.64 futures. Unlike traditional futures, which often trade at a premium or discount due to funding costs, spot market contracts track spot prices directly. Funding adjustments are processed separately at settlement.
“Since its launch in June, we have seen strong demand for our current spot indicative Bitcoin and Ether futures, with over 1.3 million contracts traded, and we are pleased to add XRP and SOL to our products,” Giovanni Vicioso, global head of crypto products at CME Group, said in a press release.
These are CME's smallest crypto contracts to date and are aimed at active participants who prefer to trade on spot market terms without managing contract expiration or rollover, Vicioso added.
Since the start of June, spot trading of Bitcoin and Ether has gained momentum, with more than 1.3 million units traded, with an average daily trading volume of 11,300 units, and 60,700 units traded on November 24th.
The contract is listed on CME and CBOT and is available alongside major stock index futures.
At the same time, CME enabled trading at settlement (TAS) for XRP, SOL, and their respective micro futures. This feature allows traders to execute futures contracts with spreads up to the 4pm ET settlement price before the price is known.
TAS is often used to manage risks associated with crypto ETFs, especially during net asset value (NAV) creation or redemption. It also enables block trades and anonymous order book activity through CME Globex, providing traders with flexibility in how and when they execute.
The move comes after CME Group began allowing users to trade options on SOL, Micro SOL, XRP and Micro XRP futures across daily, monthly and quarterly maturities in October.
