CME Group Launches Regulated Options on Solana, XRP Futures

Group 1 - CME Group has launched CFTC-regulated options on Solana and XRP futures, providing institutional traders with enhanced risk management and flexible exposure to these cryptocurrencies [1][2] - The new options will integrate into CME's existing crypto futures framework, allowing for position management in both large and micro contract sizes [2] - The launch follows a significant market crash that caused outages on major crypto exchanges, highlighting the need for institutional capacity that CME Group can provide [3] Group 2 - The introduction of Solana and XRP futures aligns with broader industry trends as traditional exchanges expand their presence in the crypto market, with CME's open interest reaching $127 billion [4] - As of the latest data, Solana is trading at $197, up 12%, while XRP is at $2.55, reflecting renewed investor confidence following recent developments [5]