CME Group Launches Futures for XRP and SOL Quoted in Spot Prices
Introduction of New Futures: CME Group has launched Spot-Quoted futures for XRP and SOL, complementing existing Bitcoin and Ether futures, and allowing trading alongside major U.S. equity indices.
Market Demand and Flexibility: The new futures cater to both retail and institutional traders, with over 1.3 million Spot-Quoted Bitcoin and Ether contracts traded since June, indicating strong market demand and providing longer-term trading strategies.
Enhanced Trading Features: The introduction of Trading at Settlement (TAS) for SOL and XRP futures offers traders improved management of settlement risk, allowing for multi-month expiries without the need to roll contracts monthly.
Integration of Traditional Banking and Blockchain: Cross River Bank has begun settling stablecoin transactions onchain using USDC on the Solana blockchain, marking a significant step in merging traditional banking with blockchain technology for faster payments.
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