Institutions Drive CME Crypto Options to $9B as ETH, SOL, XRP Set Records
Institutional investors are pouring into CME Group’s regulated crypto derivatives markets, setting a series of records across futures and options tied to ether (ETH), solana (SOL) and XRP, CME told CoinDesk on Thursday.
Since October 10, open interest across CME’s crypto futures and options has jumped 27%, a surge the exchange attributes to a shift away from offshore markets following a wave of liquidations last week.
On Tuesday, open interest in ETH futures reached 48,600 contracts — the highest on record — with SOL and XRP futures also hitting all-time highs at 20,700 and 10,100 contracts, respectively.
Options open interest hit $9 billion, another record, underscoring how more traders are using CME products to hedge…
