As of October 13, the Chicago Mercantile Exchange Group (CME) will launch options regarding futures contracts for Solana (SUN) and XRP cryptocurrency, provided there are no regulatory objections.
These contracts They allow customers to negotiate options with Sun Sun, Microsol, XRP, MicroXRPsatisfaction is available every week, monthly and quarterly business days, the CME statement said.
Future options are derivatives that grant you the right to buy and sell futures contracts at a certain price on a specific date. As Cryptopedia explains, Cryptootic Educational Section, Futures is a financial agreement in which two parties assume the purchase and sell SOL or XRP on a future date at a price agreed previously. “Micro” contracts represent small versions and are accessible to low-capital investors.
Additionally, these contracts provide investors from institutions to individual traders with greater flexibility to manage their SOL and XRP exposure, according to a statement from the CME.
So, They can develop capital management strategies that reduce risk in unstable markets. “The initiation of these options agreements is based on the significant growth and growth liquidity observed in the Solana and XRP futures range,” said Giovanni Vicioso, global director of CME Group Cryptocurrency products.
After the CME announcement, the solar price rose from 242 to $248, then fell to $245, with XRP just above $3.
This move is partly attributable to the CME’s announcement. This reflects the initial positive response in the market before the expansion of regulated derivatives.
