CME group’s new choices tied to and Solana The futures have become live Monday, along with the initial trading conducted by participants in the main market, including the Wintermute, Galaxy, Cumberland and Superstate.
CME users can now trade solutions to Sol, Micro Sol, XRP, and Micro XRP Futures, throughout the day -month, monthly and quarterly expired. Options are derivative contracts that give the consumer correctly but not the obligation to buy the underlying owner at a predetermined price someday. A call option provides the right to buy, and a place gives the right to sell.
The new offer expands the existing CME cryptocurrency product suite, which includes the standard and micro futures linked to XRP, Solana, Bitcoin, Ether. Crypto options trading has experienced an amazing boom in recent years, mainly driven by the growth of the institution’s demand for great risk management techniques.
“As the crypto market continues to grow old, market participants are increasingly looking to manage their exposure and pursue new opportunities in a wider range of crypto instruments,” said Giovanni Vicioso, global leader of cryptocurrency products in the CME Group.
“With the deep liquidity we have built in our Solana and XRP Futures markets, these new options provide entrepreneurs with additional tools to further enhance their growing cryptocurrency investment and strategies of premature. We are pleased with the early support we have seen from a wide range of clients for new contracts,” Vicioso added.
First trades
The first trade options in Solana The futures took place on Monday, and was conducted between the Cumberland DRW and Galaxy. This is a block trade, meaning it is a huge transaction that has been directly agreed between the two parties outside the public order book.
“Cumberland is pleased to facilitate the first block trade for Sol Futures options, which features strong and growing demand for more ways to trade digital assets,” said Roman Makarov, head of Cumberland options trading at the DRW. “Participants of the institution clearly seek greater choice and depth in crypto markets – a trend that will continue to drive a change in the whole ecosystem.”
The first trade of XRP options, conducted as a block trade on Sunday, October 12, was involved in the wintermute and superstate.
Sahahith Pochiraju, Portfolio manager in the Superstate, said the debut of XRP options in CME contributes to the management and revolt of digital asset exposure within techniques such as the Superstate Crypto Carry Fund.
