CoinDesk
Oct 1, 2025
6 0

XRP, Solana Futures See Rapid Institutional Adoption, $1B OI Milestone

Institutional Embrace of CME Futures for XRP and SOL

Institutional investors are rapidly adopting CME futures for XRP and solana, launched earlier this year. This is in addition to the sustained growth in bitcoin and ether derivatives, as reported by Tim McCourt from CME.

  • Total crypto futures open interest has doubled over the past year, reaching $30 to $35 billion daily.
  • XRP and SOL futures have hit record levels of institutional adoption.

SOL and XRP Reach $1B Open Interest

  • Solana futures, launched in March, achieved $1 billion in open interest by August.
  • XRP futures reached the same milestone within three months of introduction.
  • Solana's rapid accumulation of open interest surpassed ether's timeline, which took eight months, and significantly outpaced bitcoin, which took three years.

Record Activity in Ether Futures and Options

  • Open interest in ether futures reached $9.05 billion, peaking at $10.42 billion in August.
  • Ether options also hit a record high of over $1 billion in September.

Impact of Regulated Futures on Market Legitimacy

  • CME's futures support price discovery and reduce volatility, increasing market legitimacy.
  • These instruments help manage risk and enhance market liquidity.

Stablecoins and Traditional Banking

  • Stablecoins like USDC are seen as partners for traditional banks, facilitating new financial products.
  • Regulatory clarity is crucial for stablecoin integration into banking services.