CME Group has launched options trading on Solana (SOL)and XRP futures, offering institutional traders new ways to manage risk anddiversify strategies in the crypto market. The contracts include standard andmicro versions, with daily, monthly, and quarterly expiries.The first XRP options trade reportedly took place on October 12between Wintermute and Superstate. The first SOL options trade followed onOctober 13, executed by Cumberland DRW and Galaxy, marking the debut of thecontracts in live trading.Digital assets meet tradfi in London at the fmls25New Options Expand Institutional ToolsGiovanni Vicioso, Global Head of CryptocurrencyProducts at CME Group, said the launch provides traders with additional toolsto enhance crypto investment and hedging strategies."As the crypto market continues to mature, marketparticipants increasingly are looking to manage their exposure and pursue newopportunities across a wider range of crypto instruments," said Vicioso,Global Head of Cryptocurrency Products at CME Group."With the deep liquidity we've built in ourSolana and XRP futures markets, these new options provide traders withadditional tools to further enhance their growing cryptocurrency investment andhedging strategies."The addition of SOL and XRP options reflects growingdemand for regulated crypto derivatives beyond Bitcoin and Ethereum, allowingmarket participants to manage exposure better and pursue more complexstrategies.CME Group offers futures, options, and OTC productsacross major asset classes, including cryptocurrencies. Through its trading andclearing platforms, the company supports global market participants in managingrisk and capturing investment opportunities.The launch of SOL andXRP options further broadens CME’s crypto derivatives suite, givinginstitutional traders regulated avenues to access and hedge exposure infast-growing digital asset markets. Expect ongoing updates as this story evolves. This article was written by Jared Kirui at www.financemagnates.com.