CME launches spot-quoted XRP and Solana futures contracts
Foresight News reported that CME Group has announced the launch of spot-quoted XRP and Solana (SOL) futures contracts, supplementing its existing spot-quoted Bitcoin and Ethereum futures products. CME stated that these contracts are priced based on spot prices and feature longer-term expiration dates, which can reduce the need for frequent rollovers. The contract size is the smallest among its crypto product line, targeting a broader range of retail and professional traders. CME disclosed that since the launch of spot-quoted BTC and ETH futures in June, more than 1.3 million contracts have been traded in total, with demand continuing to grow.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The inflation bill has arrived, and Wall Street is starting to discount the "profit feast" of American companies.
Wall Street analysts have lowered their US stock earnings forecasts for the first time in 23 weeks, ending the longest streak of upward revisions since September 2021. High inflation and rising energy costs are squeezing profit margins in sectors such as consumer, raw materials, and finance. The combination of pressure on corporate earnings (the numerator) and rising discount rates (the denominator) is exposing US stocks to significant valuation adjustment risks.
Holley prepays USD 10 million term loan debt
--GUIDANCE: (CTAS) Cintas Expects Fiscal 2027 Revenue Range $12.15B to $12.27B, vs. FactSet Est of $12.22B
VW and union to discuss concerns over restructuring next week, source says
