After a leaked page detailed Solana and XRP futures on CME, a company spokesperson confirmed that it was an early model and no official plans had been finalized yet.
The Chicago Mercantile Exchange, the global leader in derivatives trading, may be preparing to introduce futures contracts for Solana (SOL) and Ripple (XRP) as early as February 10, according to a leaked page from its demo site. While the page was quickly removed, it contained details of the basic specifications of the contracts.
However, Fox Business journalist Eleanor Terrett reported that a CME spokesperson described the demo website as a draft environment used for mockups, which was made public in error.
“No official decisions have been made yet regarding the launch of futures contracts for either token,” the spokesperson explained.
“Frankly, this is pretty logical and would be expected if true,” James Seyphart, a Bloomberg ETF analyst, commented on the leak.
According to the leaked details, both Solana and XRP futures will be available in standard and micro sizes.
Standard Solana contracts will have a volume of 500 soles, with mini lots reduced to 25 soles. Likewise, standard futures contracts for XRP will include 50,000 XRP per lot, with mini-lots of 2,500 XRP.
All contracts are expected to be settled in US dollars, making it suitable for institutional players who are wary of dealing with direct cryptocurrency settlements.
The re-election of Donald Trump and the resignation of former SEC Chairman Gary Gensler have led to renewed optimism among investors, with companies racing to bring products like Solana and XRP ETFs to the market.
For example, ProShares filed for the Solana futures exchange-traded fund on January 17, while WisdomTree filed for the XRP ETF in December 2024. Other firms, including Bitwise, 21Shares, and Canary Capital, are also vying to offer various ETFs.
Seyphart noted that the availability of Solana futures on the Chicago Mercantile Exchange could address questions about whether the current futures market for Solana — which is dominated by Coinbase — has the necessary liquidity for such products. “Not sure if Coinbase SOL futures are large and liquid enough,” Seyphart said in an earlier tweet.
