CME Denies XRP And Solana Futures – Leak Was An Error
The crypto exchange operator CME has clarified reports about an alleged introduction of futures for XRP and Solana. The error occurred during a website update.
CME is one of the most prestigious names among crypto exchange operators because it integrates cryptocurrency futures trading into traditional financial markets. In doing so, CME not only supplies liquidity but also gains a kind of seal of approval from professional investors for established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). When rumors surfaced about the introduction of futures for XRP and Solana at CME, it created quite a stir. However, CME has now publicly confirmed that the supposed inspiration for XRP and Solana futures was an error on its website.
The stir was caused by the website Cointelegraph, which saw a supposedly confidential report to be the basis of its claims of a planned introduction of futures for XRP and Solana. Cointelegraph, which is known in the crypto scene for its competent reporting, naturally saw the explosive nature of the story: if assets like XRP and Solana are introduced as futures at CME, this practically seems like an upgrade. Professional investors would then find the two altcoins more easily integrated into established financial markets, and new capital would be available for trading. Moreover, the crypto community is still eagerly awaiting news of XRP after Ripple’s recent partial legal success in the US.
In a statement reported by US media, CME clarified that the apparent willingness to launch XRP and Solana futures was based on incorrect information that got published in error during an update of the company’s website. The company’s spokesperson apologized for the mistake and assured that there are currently no plans to introduce any new futures beyond the existing Bitcoin and Ethereum products.
According to insiders, CME hesitates to include further altcoins in its range of crypto futures because the company wants to maintain a conservative risk profile. The trading of crypto derivatives involves high stakes and can have dramatic consequences for clients—the responsibility must therefore be high. Critics mention this as a reason why CME’s product palette is perceived as somewhat anemic in comparison to crypto exchanges like Binance or OKX. These exchanges also offer futures for altcoins such as XRP and Solana.
The Cointelegraph website has now updated its report and noted CME’s clarification. However, the excitement surrounding a potential introduction of XRP and Solana futures at CME illustrates the anticipation that exists in the industry as more bridges are sought for cryptocurrencies to traditional finance. CME, as the world’s largest commodity exchange, has cemented its role as a serious player in the crypto sector with the introduction of Bitcoin and Ethereum futures back in December 2017, but the range of products remains very limited.
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