The Chicago Mercantile Exchange Group (CME) will launch options on futures contracts of the solana (sun) and XRP cryptocurrencies, as of October 13, if there is no objection by the regulators.
These contracts They will allow customers to negotiate options on suns of sun, micro Sol, XRP and Micro XRPwith maturities available on weekly, monthly and quarterly business days, indicates a release of cme.
Future options are derived instruments that give the right, but not the obligation, to buy or sell a futures contract at a specific price on a certain date. As Cryptopedia explains, cryptootic educational section, futures are financial agreements in which two parties undertake to buy or sell Sol or XRP on a future date at a previously agreed price. “Micro” contracts represent smaller versions, more accessible to investors with less capital.
In addition, these contracts will offer investors, from institutions to individual traders, greater flexibility to manage their exposure to Sol and XRP, says the CME statement.
So, They can develop capital management strategies that mitigate risks in a volatile market. “The launch of these options contracts is based on the important growth and growing liquidity that we have observed in our range of futures of Solana and XRP,” said Giovanni Vicioso, global director of CME Group cryptocurrency products.
After the announcement of the CME, the sun price rose from 242 to $ 248 and then fall to $ 245, while XRP is maintained slightly above $ 3.
This movement is attributed, in part, to the announcement of the CME, which reflects an initial positive response in the market before the expansion of regulated derivatives.