The open interest in XRP and Solana (SOL) futures and options has hit an impressive $3 billion on the Chicago Mercantile Exchange (CME). As per CME data, this significant achievement occurred during Monday’s session, where both XRP and Solana experienced a surge in participation.
These cryptocurrencies have gained popularity among institutional investors, who are now viewing XRP and Solana as credible alternatives to Bitcoin and Ethereum in the derivatives market.
CME’s Record $3 Billion Achievement
CME Group’s data indicates that open interest in XRP and Solana futures has ascended to approximately $3 billion in total value. This figure reflects the overall capital involved in active contracts, which serves as a vital indicator of investor activity and confidence.
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CME statistics reveal that around 9,900 XRP contracts and 17,400 Solana futures contracts were opened amid this surge of activity, encompassing both standard and micro versions.
This milestone comes less than a year after CME launched these products. Solana futures debuted in March 2025, quickly gaining traction, followed by XRP futures in May. Both are now among the most traded crypto derivatives on the exchange, directly competing with Bitcoin and Ethereum futures.
This record achievement is part of a broader interest in digital currency instruments. Tim McCourt, Global Head of Equities, FX, and Alternative Products at CME, noted a significant client demand for continuous trading. In response, CME Group plans to make cryptocurrency futures and options available for trading 24/7 starting in early 2026, pending approval.
The rise in open interest demonstrates how XRP and Solana are now leaders in the altcoin derivatives arena on CME. Solana futures exceeded $1 billion in open interest by August 2025, just five months after launch, while XRP futures reached this milestone in three months. Recent data indicates that XRP futures on CME achieved a notional volume of $26.9 billion in October, with over 567,000 contracts traded within the first six months.
Institutional Interest in XRP and Solana
The surge in open interest follows CME’s introduction of options on XRP and Solana futures to broaden its cryptocurrency derivatives lineup beyond Bitcoin and Ethereum. This expansion allows traders access to options on SOL, Micro-SOL, XRP, and Micro-XRP futures, with daily, monthly, and quarterly expirations to cater to varying trading strategies.
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This expansion highlights the increasing sophistication of institutional involvement in Solana and XRP derivatives. The first XRP options trade was executed on October 12 between Wintermute and Superstate. The first trades for options on SOL futures occurred on Monday, October 13, between Cumberland DRW and Galaxy.
Featured image from Medium, chart from Tradingview.com
