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CME Says XRP, SOL Futures Leak Was an Error, No Decisions Are Made
A screenshot of a beta page for XRP (XRP) and Solana (SOL) futures contracts was posted on X earlier on Wednesday.
Updated Jan 23, 2025, 3:14 a.m. Published Jan 23, 2025, 3:13 a.m.
What to know:
- CME said no decisions have been made on XRP or Solana futures contracts, a spokesperson told CoinDesk.
- A screenshot of a beta page on the platform showing regulated XRP and SOL futures could start trading on Feb. 10 circulated on X earlier on Wednesday.
- The futures exchange that it was an "error."
An earlier leak on the website of Chicago Mercantile Exchange (CME) showing regulated and futures could start trading on Feb. 10 pending regulatory approval was an “error,” a representative of the company told CoinDesk.
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“A beta page from our website was released in error earlier today,” the spokesperson said. “Many mock-ups are included in that test environment. No decisions have been made regarding XRP or SOL futures contracts."
A screenshot of a beta page for and futures contracts was posted on X earlier on Wednesday, sparking rumors that the exchange might get ready to list those investment vehicles on Feb. 10.
Both tokens jumped as much as 3% following the post, before paring some of their gains.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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