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XRP, Solana Prices Rise After Report of Leaked CME Futures Addition
In a now deleted "staging subdomain" page CME reported to have said futures contracts for XRP and SOL will go live on Feb. 10.
What to know:
- XRP and SOL prices jumped 3% following an unconfirmed report that the institutions-focused Chicago Mercantile Exchange (CME) is adding futures contracts for both assets.
- A screenshot of the "staged subdomain" showed that the regulated futures could start trading on Feb. 10, pending regulatory approval.
- The website was released in an "error," and the company hasn't made any decision about listing the products, a CME spokesperson told CoinDesk.
Payments-focused cryptocurrency XRP and the world's most-used blockchain Solana (SOL) prices spiked on Wednesday afternoon after a report that the Chicago Mercantile Exchange (CME) is adding futures contracts for both.
According to a post on X, CME has posted the futures page for XRP and SOL in their "staging subdomain."
STORY CONTINUES BELOW
A screenshot of the website shows that the regulated futures could start trading on Feb. 10, pending regulatory approval. The website was not accessible at the time of publication.
“We’ve seen a slew of ETF filings for SOL and XRP futures ETFs. Typically these would use CME or CBOE futures but we don’t have any yet,” Bloomberg Intelligence ETF analyst James Seyffart told CoinDesk. “I would expect CME to list those futures in the next month assuming those issuers know something we don’t.”
XRP and SOL jumped as much as 3% in the minutes after the post started circulating on social media, TradingView data showed.
A CME representative told CoinDesk later Wednesday that releasing the webpage was an "error" and that the company has yet to decide whether to list those products.
“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."
SOL and XRP erased all initial gains and sunk lower with the broader crypto market.
UPDATE (Jan. 22, 10:09 UTC): Adds comments from Bloomberg ETF analyst.
UPDATE (Jan. 23, 14:57 UTC): Adds CME spokesperson's comment and XRP, SOL price action.
Read More: Solana Bull Bets Big on SOL Rallying to $400
Krisztian Sandor
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
Aoyon Ashraf
Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.
