Chicago-based trading behemoth CME Group has announced that it is launching options for XRP futures. They are slated to launch on Oct. 13 (pending regulatory approval).
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The same product will also be rolled out for Solana futures, according to the Wednesday announcement.
Options futures will give traders the right to purchase or sell the future contracts tied to these cryptocurrencies at a certain price before or at expiration.
Impressive demand for XRP futures
As reported by U.Today, CME Group introduced XRP futures back in May (shortly after the Solana-based product).
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Shiba Inu (SHIB) to Add Zero, XRP Sees 221% Surge in Fund Inflows, Bitcoin Breaks 15-Year Record
The product turned out to be extremely successful, becoming the fastest-ever product to reach $1 billion in
Some analysts believe that this level of demand could bode well for XRP ETFs.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team