CME leak suggests XRP, Solana futures could launch on February 10 -

CME leak suggests XRP, Solana futures could launch on February 10

Jan 22, 2025Jeremy ParkinsonCryptocurrency, No picture0

Key Takeaways

CME plans to launch XRP and Solana futures on February 10, pending regulatory approval.
The futures will include standard and micro-sized contracts for flexible trading options.

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A leaked page from the Chicago Mercantile Exchange (CME) staging website suggests that futures trading for XRP and Solana (SOL) could launch on February 10, subject to regulatory approval. The unconfirmed news triggered an immediate 3% surge in both XRP and SOL, per CoinGecko.The subdomain, first discovered by X handle “Summers” and confirmed by Bloomberg ETF analysts James Seyffart and Eric Balchunas, revealed plans for “regulated, capital-efficient futures” on two leading crypto assets, with both standard and micro-sized contracts available. The smaller contracts aim to provide traders with enhanced flexibility in risk management and position scaling.The domain was taken down shortly after it was discovered.

Source: @SummersThings

Seyffart noted that if the staging site accurately reflects the CME’s plans, the February 10 launch date is likely. He added that such a move is “largely to be expected.”According to the contract specifications outlined on the page, standard Solana futures will be traded in 500 SOL increments, while micro Solana futures will be traded in 25 SOL units.

XRP futures will be available in 50,000 XRP units, with micro contracts sized at 2,500 XRP. All contracts will be settled financially in US dollars and support multiple trading methods, including outright futures, basis trades at index close (BTIC), and block trades.The monthly futures contracts will include BTIC and block trading functionality upon launch.The CME has not yet issued a statement confirming either the accuracy of the information found on its staging website or the launch of SOL and XRP futures trading.

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