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🚀 CME Introduces Spot-Quoted Futures for XRP and SOL: Making Altcoins Mainstream
The CME Group has broadened its cryptocurrency options by introducing Spot-Quoted futures for XRP and Solana (SOL), a significant step that enhances trading opportunities for these two leading altcoins.
These new contracts follow the spot price directly, removing the necessity to handle financing costs or regular rollovers linked to conventional futures. This straightforwardness enables active traders and institutions to efficiently sustain exposure, trading nearer to actual market prices in real time.
The launch features Trading at Settlement (TAS) functionality for XRP, SOL, and Micro futures, providing enhanced risk management, which is essential for hedging crypto ETF positions. By providing XRP and SOL with the same high-standard framework as Bitcoin and Ether, CME is demonstrating trust in the enduring potential and development of these assets, opening the door for increased institutional investment.
