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Stock impact report

CME Group Expands Crypto Derivatives With Spot-Quoted XRP and Solana Futures [Yahoo! Finance]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Yahoo! Finance
The new contracts mirror the structure of CME's existing Spot-Quoted Bitcoin (BTC) and Ether (ETH) futures. Unlike traditional futures, which often trade at a premium or discount due to financing costs, Spot-Quoted contracts track the spot price directly. Financing adjustments are handled separately at settlement. "We've seen strong demand for our current Spot-Quoted Bitcoin and Ether futures, with more than 1.3 million contracts traded since launched in June, and we are pleased to add XRP and SOL to our offering,” CME Group's Global Head of Cryptocurrency Products Giovanni Vicioso said in a press release These are CME's smallest crypto contracts to date, aimed at active participants who prefer to trade in spot market terms without managing contract expiries or rollovers, Vicioso added. Since launching in June, Spot-Quoted bitcoin and ether contracts have gained momentum, with more than 1.3 million contracts traded and an average daily volume of 11,300 contracts, with a record Show less Read more
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