CME Group has expanded its crypto derivatives lineup with the launch of Spot-Quoted futures for XRP ($1.9179) and Solana ($127.32), offering traders contracts that track real-time market prices more closely.

These new contracts follow the structure of CME’s existing Spot-Quoted Bitcoin ($87,783.58) and Ether ($2,912.07) futures. Unlike traditional futures, which can trade at premiums or discounts due to financing costs, Spot-Quoted contracts reflect the underlying spot price directly, with financing adjustments handled separately at settlement.

“We’ve seen strong demand for our Spot-Quoted Bitcoin and Ether futures, with more than 1.3 million contracts traded since their launch in June,” said Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products. “We are pleased to add XRP and SOL to our offering.”

Designed as CME’s smallest crypto contracts to date, these products target active participants who prefer trading in spot-market terms without managing contract expiries or rollovers. Since their introduction, Spot-Quoted Bitcoin and Ether futures have gained traction, averaging 11,300 contracts daily and reaching a record 60,700 contracts on November 24.

The new contracts are listed on CME and CBOT alongside major equity index futures. Additionally, CME has activated Trading at Settlement (TAS) for XRP, SOL, and their Micro futures, allowing traders to execute contracts at a spread to the 4:00 p.m. ET settlement price before it is finalized.

TAS is commonly used to manage risk around crypto ETFs, particularly during NAV creation or redemption, and enables block trades and anonymous order execution via CME Globex, providing flexibility for traders.

The expansion follows CME’s October rollout of options on SOL, Micro SOL, XRP, and Micro XRP futures, covering daily, monthly, and quarterly expiries.