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In a now deleted “staging subdomain” page CME reported to have said futures contracts for XRP and SOL will go live on Feb. 10.
By Krisztian Sandor, Aoyon Ashraf|Edited by Aoyon Ashraf
Updated Jan 22, 2025, 10:10 p.m. UTCPublished Jan 22, 2025, 8:09 p.m. UTC
What to know:
Payments-focused cryptocurrency XRP and world’s most-used blockchain Solana (SOL) prices spiked on Wednesday afternoon, after report that the Chicago Mercantile Exchange (CME) is adding futures contracts of both.
According to a post on X, CME have posted the futures page for XRP and SOL in their “staging subdomain.”
A screenshot of the website shows that the regulated futures could start trading on Feb. 10 pending regulatory approval. The website was not accessible at the time of publication. CoinDesk reached out to CME for comments.
“We’ve seen a slew of ETF filings for SOL and XRP futures ETFs. Typically these would use CME or CBOE futures but we don’t have any yet,” Bloomberg Intelligence ETF analyst James Seyffart told CoinDesk. “I would expect CME to list those futures in the next month assuming those issuers know something we don’t.”
XRP and SOL jumped as much as 3% in the minutes after the post started circulating on social media, TradingView data showed.
UPDATE (Jan. 22, 10:09 UTC): Adds comments from Bloomberg ETF analyst.
Read More: Solana Bull Bets Big on SOL Rallying to $400
Krisztian Sandor recently graduated from NYU’s business and economic reporter program as a Fulbright fellow and worked with Reuters and Forbes previously. Originally from Budapest, Hungary, he is now based in New York. He holds BTC and ETH.
Aoyon Ashraf is CoinDesk’s managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk’s disclosure threshold of $1,000.
Disclosure
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